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Historically, copper demand has been closely tied to the economic cycle, given its use in construction, transportation, and machinery.1 However, increasing demand from structural drivers like electrification, urbanization, and artificial intelligence, combined with supply challenges, could result in steadier demand and higher prices. Gaining exposure to the metal indirectly through the copper mining industry, rather than physical holdings, may also have advantages, especially for those with a bullish outlook, as miners have historically offered more leverage to a change in the underlying commodity price.2 The Global X Copper Miners ETF (COPX) offers access to a variety of mining companies from around the world, all in a single trade. View the full report here.
