COPX is trading at $88.89, -6.70% today as escalating U.S.-Iran tensions and oil above $100 drive a broad risk-off move across economically sensitive mining equities.
- Copper fundamentals remain supportive: prices are near records amid AI infrastructure demand, tariff-related stockpiling, and constrained mine supply.
- August PPI rose 0.4% monthly and 5.4% annually, keeping Treasury yields and Fed uncertainty elevated.