Global X Copper Miners ETF NEW

COPX

Market cap $8.5B

ETFs like COPX are gaining attention as copper outpaces gold and silver, fueled by AI data center demand and a bullish long-term supply-demand outlook.

Registered investment advisors did not pull back on exchange-traded funds in the first quarter of 2026. They kept adding them, according to AdvizorPro's Q1 2026 Quarterly RIA ETF Trends Report.

U.S. natural gas futures were holding around the key $3 mark ahead of the EIA's weekly inventory report due at 10:30 a.m. ET.

The American grid is being asked to do something it was never designed to do: power an artificial intelligence (AI) build-out, electrify transportation, support reshored manufacturing, and replace aging transmission lines all at the same time.

The Sprott Junior Copper Miners ETF (NASDAQ:COPJ) is the highest-beta public-market vehicle for betting that AI data center buildout breaks the copper supply curve over the next two years.

I recommend buying the Global X Copper Miners ETF and the Sprott Copper Miners ETF due to attractive valuations and strong macro tailwinds. Hard assets like copper remain undervalued versus financial assets, supported by tightening supply-demand dynamics and falling inventories. COPX and COPP both offer compelling exposure; COPX stands out for liquidity and track record, while COPP offers broader holdings.

AI, Alternative Energy and Commodity stocks are all leading this market as a confluence of economic developments drive growth and constrain supply.

The Global X Copper Miners ETF (COPX) is initiated as a strong buy, offering diversified exposure to copper miners amid a projected multiyear supply deficit. COPX benefits from powerful demand drivers: AI/data center buildout, grid upgrades, EV adoption, and defense spending, with copper demand outstripping supply through the decade. Portfolio construction limits single-issuer risk, maintains global diversification, and provides operating leverage to copper prices, with a 2.5–3% dividend yield as downside support.

Global X Copper Miners ETF offers diversified, high-beta exposure to a bullish copper sector driven by AI infrastructure expansion. Structural copper supply constraints, declining ore quality, and rising AI-related capex support continued price appreciation and sector outperformance. COPX provides investors with reduced single-company risk by holding 48 mining companies, leveraging both price upside and margin expansion.

Copper Miners ETF has roughly doubled in a year. The highly focused ETF fell more than 25% in a month.