COPX

Global X Copper Miners ETF

2026-01-16 03:02 PM

-1.56%

Copper miners ETF pulls back after strong multi-day rally, no clear catalyst

No quality news sources were found to explain today's decline. The pullback follows a strong rally over the past week, with gains of over 3% on multiple recent sessions.

Analysis

This appears to be routine profit-taking after COPX gained roughly 9% over the prior four trading days. The below-average volume (0.5x normal) suggests this is not conviction-driven selling but rather a natural consolidation. For context, a 1.6% pullback after such a strong run is well within normal volatility for this ETF.

Date: 2026-01-16

Price: $80.81

Type: Sector Wide

Confidence: low