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Mike Philbrick Global X Copper Miners ETF COPX-N RISKY Jan 21, 2025

Demands for EVs means this has long-term legs, but will be volatile, sensitive to wider economic growth.

Mike Philbrick

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$40.540

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COMMENT

Broad lithium play with LIT. Battery technology is the future. You want to buy on dips. For copper, COPX is a basket of copper focused fund. For broader precious metals, GDX would be his preference.

BUY

A great way to play copper. It is a diversified way to play it. There is a lot of room to run. A move to electrification will continue to raise demand.

BUY

Playing the commodity side is quite tough since you have to deal with futures contracts. For copper, play the copper miners and ETFs like COPX. He prefers ZMT, which is broader base metals. There is a reflation trade and electrification of the world. Copper is crucial in this.

COMMENT

ZMT is a way to play base metals that will be needed to build everything from bridges to EVs. COPX is a pure play copper play, but it trades in New York.

COMMENT

A very good way to play copper. Copper is needed for the electrification of the world and the green energy movement.

BUY ON WEAKNESS

Don't make a single bet too big. You can tilt towards base metals. He trades in and out. Buyers in dip in March and now he is trimming as he goes higher. Buy the dips. There will be volatility in the sector. The theme has more legs for years. There are constraint issues due to the timeline of exploration to production, which takes years.

BUY ON WEAKNESS

Saw a peak in copper prices and a cooling over the last couple months. Is the trade over? Doesn't think so. It is obviously a proxy for inflation but it is also instrumental in electrification. Buy dips. Would enter if there is a 10% pullback.

BUY

Likes commodities and the cyclical space. Lots of analysts and firms are ratcheting up expectations of a decade or more of commodity firmness. An ETF would make sense, like COPX. Includes BHP, FCX, TECK.B, and Glencore. Geographic allocation is 30% Canada, 8% Japan, remaining in the rest of the world. Levered to expanding global economy. 65 bps MER.

PARTIAL BUY

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

We like COPX if the goal is to add copper mining exposure. ICOP is more diversified into other metals and mining so there will be other exposure that may not be desired. COPX also provides a slightly higher yield while ICOP is a much newer fund.
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Mike Philbrick Global X Copper Miners ETF COPX-N RISKY Jan 21, 2025

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