COPX is trading at $93.99 (+3.67%) as copper prices reach record highs, supporting copper-miner equities.
- Copper prices reached record highs near $14,617 per ton, amid a persistent global supply-demand imbalance and potential U.S. refined-copper tariffs.
- LME copper also reached a record $14,533 per ton, reinforcing the sector-wide catalyst.
- Broader markets are mixed, making the move primarily commodity- and sector-driven rather than a general equity rally.