COPX is trading at $72.15 (-3.32%) as risk-off trading and concerns over tighter AI and data-center oversight pressure sentiment and copper’s demand outlook. - Election results reduced expectations for U.S. refined-copper tariffs, potentially easing supply tightness that had supported prices. - Copper prices were mixed: reports cited tariff and AI concerns, alongside support from tight physical supply. - Available evidence points to overlapping pressures, not a single confirmed catalyst.