COPX is trading 3% up today as copper futures continue to test record levels, supported by tight supply and robust demand from AI and electrification infrastructure.
- Copper futures are revisiting record highs amid supply constraints and tariff uncertainty.
- The move follows gains in major miners like Freeport-McMoRan and BHP, reflecting a broader lift in the materials sector.
- A generally firmer risk backdrop in index futures is providing additional support for copper-related equities.