🟢 Copper Miners ETF (COPX) is trading 4.07% up as tight Chinese copper supply supports prices

COPX is trading at $74.15, up +4.07%, with tight Chinese copper supply providing the clearest support.

• Shanghai inventories were about 33,000 mt on November 9, near historical lows, while import premiums remained elevated.
• A November 9 market report cited a record $230/ton Yangshan premium and higher copper futures; copper also rebounded alongside firmer risk sentiment.
• The broader equity advance may provide additional support. Live price was supplied; volume data was not provided.