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Copper prices pull back from record high; Goldman says rally has already played out
Seeking Alpha News (Thu, 15-Jan 10:52 AM ET)
The Global X Copper Miners ETF seeks to provide investment results that correspond generally to the price and yield performance before fees and expenses of the Solactive Global Copper Miners Index.
Global X Copper Miners ETF trades on the ARCA stock market under the symbol COPX.
As of January 15, 2026, COPX stock price climbed to $82.53 with 2,437,309 million shares trading.
COPX has a beta of 1.38, meaning it tends to be more sensitive to market movements. COPX has a correlation of 0.45 to the broad based SPY ETF.
COPX has a market cap of $5.87 billion. This is considered a Mid Cap stock.
In the last 3 years, COPX traded as high as $82.89 and as low as $30.77.
COPX has outperformed the market in the last year with a price return of +115.1% while the SPY ETF gained +20.5%. COPX has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +35.5% and +15.0%, respectively, while the SPY returned +5.1% and +1.8%, respectively.
COPX support price is $80.63 and resistance is $84.15 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that COPX shares will trade within this expected range on the day.