COPX Global X Funds - Global X Copper Miners ETF

$COPX ~ Investment Bank “Bernstein” thinks the copper market breaks in 2027 and by 2040 the hole is 13 million tonnes deep which is nearly half of everything the world produces today in Sept 2026 (Save this). The chart below shows a roughly balanced copper market from 2018 through 2026, then bars that turn negative in 2027 and never recover, widening sharply after 2035 unless we see a global depression killing demand (not impossible). ~ “Copper matters hugely for the 3 trillion “Off Balance Sheet” AI Infrastructure debt boom because it is the physical substance electricity travels through & there is no substitute at scale as of Sept 2026. An AI campus needs roughly 27 to 33 tonnes of copper per megawatt across electricity wiring, transformers, gas turbines, switchgear, & cooling systems so a 150 MW site consumes about 4,500 tonnes of copper. Most of that is power distribution rather than data cable which is the key detail that gets missed in the optics debate.” $QQQ $GDX $CPER $SPY

Copper miners dug in at the +20% YTD line after filling the gap With $COPX gapping back toward the 2026 highs, we're seeing options activity pick up However, the 100C wall still lingers overhead

$COPX ~ Copper Stocks ETF. Weekly Close. Down -2.35% last week. Dr Copper: COPX was showing the most bullish (ABC) {Wave 2} bottom scenario out of all metals ETFs i follow closely (GDX/SILJ/SPPP/GLD/SLV). COPX is now leading all the metals ETFs higher into Sept 2026. This was as textbook as you will ever see a complete Elliott Wave (5 wave) impulsive fractal structure which unfolded before our eyes off the April 2025 (TACO Tariff) “VIX 60” generational low. COPX was clearly in a (5th wave) blowoff on ungodly sell volume (red) in the last week of Jan 2026 (silver 120usd). Notice the steep uptrend line in gold that started in Sept 2025 was broken to the downside in March 2026. Gold has now broken the downtrend line in Aug 2026 that had been in place since March 2026. Good luck to all. $GLD $GDX $SPY $SLV

$COPX ~ Copper Stocks ETF. Weekly Close. Down -0.95% last week. Dr Copper: COPX was showing the most bullish (ABC) {Wave 2} bottom scenario out of all metals ETFs i follow closely (GDX/SILJ/SPPP/GLD/SLV) in Oct 2026. COPX is now leading all the metals ETFs higher since Aug 2026. This was as textbook as you will ever see a complete Elliott Wave (5 wave) impulsive fractal structure which unfolded before our eyes off the April 2025 (TACO Tariff) “VIX 60” generational low. COPX was clearly in a (5th wave) blowoff on ungodly sell volume (red) in the last week of Jan 2026 (silver 120usd). Notice the steep uptrend line in gold that started in Sept 2025 was broken to the downside in March 2026. Gold has now broken the downtrend line in Aug 2026 to the upside that had been in place since March 2026. If the markets (SPY/QQQ/DIA) crash anytime soon i would love to buy 2029 calls in COPX at much lower temporary panic prices. $GLD $SLV $GDX $SPY

$COPX Are they pinning this down?! Should be 100 by now. Massive build out is happening EVERYWHERE.

Big moves on $COPX today Saw three massive Nov 20 $95 call blocks totaling around 39.6k contracts hit the ask on InsiderFinance That’s some serious institutional action with only about 1.1k open interest at that strike Looks like a strong play on copper miners with all the supply-shock headlines out there Escondida strike and weak Chilean output plus low Chinese inventories are keeping the copper supply tight This could keep volatility up in copper miners so leaning long with calls or call spreads makes sense COPX jumped 3.0% today Just a sharp 1-day move against a flat 5-day change If you're jumping in, size those positions right

$COPX options flow lesson: chart and flow can disagree. Options activity describes the derivatives tape while the daily chart describes price structure. A disagreement is information, not an error to hide. The alert snapshot shows $2.4M in the Nov 20 $95 calls. Volume was 10.3x standing open interest at capture. Intraday volume does not establish whether a position was opened or held; the next settled open interest is the check.

$COPX I think a 30% rise is definitely realistic with efforts like data center construction, solar build-out, and rebuilding of war-torn countries. There’s not enough new copper coming out of the ground to support the demand and 2027 is projected to be another deficit year.

🔴 $COPX 85P Sep 18 💰 $93,700 premium 💵 $2.05/contract 📊 0.3x Vol/OI 📍 Spot $84.03 🚨 Repeat sweep 🌊 Dark Flow | Options Flow

$COPX I heard some idiot on CNBC tell people to buy hard assets.. silver, copper, etc. mofo must have been shorting.

$COPX options flow lesson: premium measures dollars committed, not conviction by itself. Contract count can look large when options are cheap, so premium is the cleaner size comparison. Direction still depends on trade side, structure, and context. The alert snapshot shows $228K in the Sep 11 $89 puts. Volume was 6.8x standing open interest at capture. Intraday volume does not establish whether a position was opened or held; the next settled open interest is the check.