Copper Price Falls To Lowest Level In Months, Outlook Shifts
Published . Updated .
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Copper prices fell to their lowest level since July this week, after a Democratic congressional sweep in the United States dismantled two of the metal's most powerful near-term supports. With the prospect of aggressive import tariffs and uninterrupted AI infrastructure spending
Directly affected
- No company is named in this report.
Indirectly affected
- COPX Global X Copper Miners ETF-16.3% 30d
Global X Copper Miners ETF: it holds copper miners. Linked by “copper” (copper) in this story.
- XLI Industrial Select Sector SPDR-0.3% 30d
Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.
- QQQ Invesco QQQ-9.8% 30d
Invesco QQQ: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story.
- FCX Freeport-McMoRan-17.4% 30d
Freeport-McMoRan (metal mining): copper miners' profits move with the copper price. Linked by “copper” (copper) in this story.
- SCCO Southern Copper-17.5% 30d
Southern Copper (metal mining): copper miners' profits move with the copper price. Linked by “copper” (copper) in this story.
- CAT Caterpillar-31.9% 30d
Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- DE Deere-2.2% 30d
Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- WMT Walmart+20.2% 30d
Walmart (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| COPX | +2.19% | +4.62% | base | after close | after close | after close | after close |
| XLI | +4.34% | +4.15% | base | after close | after close | after close | after close |
| QQQ | +3.80% | +5.39% | base | after close | after close | after close | after close |
| FCX | +5.94% | +5.40% | base | after close | after close | after close | after close |
| SCCO | +7.26% | +5.87% | base | after close | after close | after close | after close |
| CAT | +9.84% | +5.82% | base | after close | after close | after close | after close |
| DE | -0.85% | +0.44% | base | after close | after close | after close | after close |
| WMT | +1.78% | +2.99% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Copper Price Falls To Lowest Level In Months, Outlook Shifts TheBull.com.au
Source: TheBull.com.au
Global X Fds (COPX)
Global X Fds (COPX) the next day, across 10 earlier stories: average -4.42%, largest gain -4.42%, largest drop -4.42%, from 1 prices.
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| Global X Fds (COPX) | the next day | -4.42% | -4.42% | -4.42% | 1 |
| Freeport-Mcmoran (FCX) | the next day | -5.50% | -5.13% | -6.25% | 9 |
| Southern Copper Corp/ (SCCO) | the next day | -5.55% | -5.55% | -5.55% | 3 |
How far Global X Fds (COPX) has moved since 8 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| CAT | three days earlier | +5.82% | final price |
| CAT | five days earlier | +9.84% | final price |
| Global X Fds (COPX) | three days earlier | +4.62% | final price |
| Global X Fds (COPX) | five days earlier | +2.19% | final price |
| DE | three days earlier | +0.44% | final price |
| DE | five days earlier | -0.85% | final price |
| Freeport-Mcmoran (FCX) | three days earlier | +5.40% | final price |
| Freeport-Mcmoran (FCX) | five days earlier | +5.94% | final price |
| QQQ | three days earlier | +5.39% | final price |
| QQQ | five days earlier | +3.80% | final price |
| Southern Copper Corp/ (SCCO) | three days earlier | +5.87% | final price |
| Southern Copper Corp/ (SCCO) | five days earlier | +7.26% | final price |
| WMT | three days earlier | +2.99% | final price |
| WMT | five days earlier | +1.78% | final price |
| XLI | three days earlier | +4.15% | final price |
| XLI | five days earlier | +4.34% | final price |
Congressional trades in the stocks in this story
- Rep. Lisa McClain bought Caterpillar (CAT) (held by a spouse), worth $1,001 - $15,000 on 28 Sep 2026. That is 41 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Pete Sessions sold Walmart (WMT) (held by a spouse), worth $50,001 - $100,000 on 2 Oct 2026. That is 37 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Jonathan Jackson sold Walmart (WMT) (jointly held), worth $50,001 - $100,000 on 28 Sep 2026. That is 41 days before publication. Filed 19 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Walmart (WMT) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 44 days before publication. Filed 7 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who is named in “Copper Price Falls To Lowest Level In Months, Outlook Shifts”
Companies tied to this story
- COPX Global X Fds
For “Copper Price Falls To Lowest Level In Months, Outlook Shifts,” Global X Fds (COPX) is linked, with no stored direction, medium confidence. Reason on file: Global X Copper Miners ETF: it holds copper miners. Linked by “copper” (copper) in this story
- FCX Freeport-Mcmoran
In “Copper Price Falls To Lowest Level In Months, Outlook Shifts,” Freeport-Mcmoran (FCX) is linked, with no stored direction, medium confidence. Reason on file: Freeport-McMoRan (metal mining): copper miners' profits move with the copper price. Linked by “copper” (copper) in this story
- SCCO Southern Copper Corp/
For “Copper Price Falls To Lowest Level In Months, Outlook Shifts,” Southern Copper Corp/ (SCCO) is linked, with no stored direction, medium confidence. Reason on file: Southern Copper (metal mining): copper miners' profits move with the copper price. Linked by “copper” (copper) in this story
- CPER United States Commodity Index Funds Trust
In “Copper Price Falls To Lowest Level In Months, Outlook Shifts,” United States Commodity Index Funds Trust (CPER) is linked, with no stored direction, medium confidence. Reason on file: United States Copper Index Fund is a copper fund in the watchlist universe. Linked by “copper price” in this story
- ERO Ero Copper
For “Copper Price Falls To Lowest Level In Months, Outlook Shifts,” Ero Copper (ERO) is linked, with no stored direction, medium confidence. Reason on file: Ero Copper (metal mining): copper miners' profits move with the copper price. Linked by “copper” (copper) in this story
How “Copper Price Falls To Lowest Level In Months, Outlook Shifts” reaches Global X Fds (COPX)
Global X Fds (COPX) is the company in “Copper Price Falls To Lowest Level In Months, Outlook Shifts,” the 8 Nov 2026 this story story.
For Global X Fds (COPX), the reason on file says Global X Copper Miners ETF: it holds copper miners. Linked by “copper” (copper) in this story
Freeport-Mcmoran (FCX) is here too. Its reason reads: Freeport-McMoRan (metal mining): copper miners' profits move with the copper price. Linked by “copper” (copper) in this story
Price levels for Global X Fds (COPX)
COPX traded between 72.29 and 87.15 across 20 sessions. The latest close on file is 73.20. FCX traded between 56.78 and 73.85 across 20 sessions. The latest close on file is 59.42. SCCO traded between 162.63 and 209.83 across 20 sessions. The latest close on file is 167.18.
How solid “Copper Price Falls To Lowest Level In Months, Outlook Shifts” looks
40 out of 100
“Copper Price Falls To Lowest Level In Months, Outlook Shifts” scores 40 out of 100. The score uses 1 sources, and 5 linked companies.