🔴 Copper Miners ETF (COPX) is trading 3.55% down as weaker copper and rising yields pressure miners

COPX is trading at $83.66, down 3.55%, pressured by weaker copper and inflation concerns.

• Copper futures fell 1.15% on September 28, directly pressuring copper miners.
• Trump’s rejection of Iran’s Strait of Hormuz proposal lifted oil, reviving inflation concerns and raising the 10-year Treasury yield to 5.20%.
• Higher yields and a stronger dollar weighed on copper amid expectations of continued Fed rate hikes; broader materials weakness matched risk-off conditions, with no specific major COPX holding catalyst verified.