Stockchase Opinions

Don VialouxGlobal X Copper Miners ETFCOPXTOP PICKMar 18, 2011

Copper: Partly a Japan play. Normally copper production is 18 million tones. But this year they are short about 400,000 tones. Technically copper looks like it will take a shot at the all time high. Stochastically, it just completed a buy signal. Seasonally it is the time to own copper stocks. This is a way to just own the sector.
$18.32

Stock price when the opinion was issued

$77.45

As of Jun 10, 2026. Market Open.

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TOP PICK
Stockchase Research Editor: Michael O'Reilly

We reiterate COPX as a TOP PICK.  With inflation, global energy infrastructure and even AI data center interest copper is growing demand.  It holds 47 copper mining companies worldwide, including Canada, Chile and China.  It offers a good yield that has seen the dividend grow by 30% annually over the past five years.  We recommend maintaining a stop at $68, looking to achieve $97 — upside potential of 18%.  Yield 2.3%

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PAST TOP PICK
(A Top Pick Apr 02/26, Up 18.3%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with COPX has achieved its target at $91.  To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $47) to $68 at this time.  

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Unlock this Panic-proof Portfolio opinion with Stockchase Premium

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O’Reilly

Inflation, global energy infrastructure and even AI data center interest make COPX a TOP PICK candidate.  It holds 47 copper mining companies worldwide, including Canada, Chile and China.  It offers a good yield that has seen the dividend grow by 30% annually over the past five years.  We recommend setting a stop-loss at $47, looking to achieve $91 — upside potential of 18%.  Yield 2.5%

TRADE
Copper.

Tracks the broader copper market. Loved the sector when it was cheap a year ago, but not so much here after it's run up. He'd be cautious at this point.

If the Iran conflict has triggered an economic slowdown, then copper's going back to the low-mid $4 range. A lot of copper stocks will go with it.

The sector is one to buy on dips and trade. Anything commodity-based is more a trader's market than a structural buy-and-hold.

RISKY

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

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

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.
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.

WAIT
Copper. COPX is a basket of copper miners so you are not buying the copper commodity. Buy on the next step down.