COPX is trading $94.23 (+3.94%) during the September 8, 2026 session, driven primarily by copper reaching a record $14,617 per tonne on the London Metal Exchange, boosting expected miner revenues.
- The rally reflects tight mine supply, tariff-driven stockpiling and expectations of potential U.S. refined-copper tariffs.
- Demand optimism from data centers, renewable infrastructure and power grids is adding support, while copper inventories remain constrained.