Sprott Copper Miners ETF

COPP

Market cap $247M

A portfolio with an underinvestment in copper may not translate to a clean bill of health from “Dr. Copper.” The structural shifts transforming the global copper market is creating explosive growth opportunities in the metal.

Despite falling below $5,000 recently, it could be an opportune time to strike and purchase the dip in gold prices. Fundamental demand drivers could continue to push the precious metal higher through the rest of the year.

In this episode of “Metals in Motion,” Steven Schoffstall, Managing Partner and Head of ETFs at Sprott Asset Management, discussed the fundamental transformation that's currently occurring in the global copper market. Copper is no longer just an industrial metal that has cyclical appeal, but a critical mineral with strong growth prospects.

Advisors and investors looking to keep a close eye on the metal markets would be remiss not to be interested in how copper has been doing as of late.  The price of the red metal has continued to approach new record highs, buoyed by a variety of applicable factors.

Copper ended 2025 with a strong rally that's persisting into the first month of the new year. Jacob White, Sprott Asset Management Director of ETF Product Management, highlighted the fundamental drivers that could help push copper to greater heights this year in the latest Sprott Copper Report.

I recommend buying the Sprott Copper Miners ETF due to its superior risk-return profile versus peers. COPP offers high copper price sensitivity and concentration, with its top holding at 25.19% and top ten at 76.38%. Strong demand growth and persistent supply constraints underpin a robust bullish thesis for copper miners through 2030.

Sprott Copper Miners ETF delivered an 88% total return over the past year, driven by surging copper demand and portfolio appreciation. Long-term COPP catalysts include electrification, AI infrastructure, and persistent supply constraints, supporting a bullish outlook for COPP despite potential short-term pullbacks. COPP's diversified holdings, high turnover, and recent addition of a physical copper position make it a pure-play vehicle for copper's secular growth.

Gold and silver were not the only metals to see breakout performances in the later half of 2025.  Much like these other metals, copper also closed out last year in a highly favorable position.

Given gold's stratospheric rally last year, it might seem that ETF provider Sprott would see the most inflows in their funds related to the precious metal. However, after 2025 was said and done, it was the Sprott Silver Miners & Physical Silver ETF (SLVR) at the top spot with about $450 million inflows.

AI-driven demand and tight supply pushed copper above $12,000 a ton, setting the stage for diversified copper ETFs like COPX as a 2026 trade.