Geopolitics Alpha

Democratic Sweep Revives the Stalled Copper Tariff Trade

Published . Updated .

Key takeaways

  • Exposed: COPX, XLI, FCX, SCCO, CAT
  • Market reaction: price tracking starts with the next trading session.

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GEOPOLITICS ALPHADemocratic Sweep Revives theStalled Copper Tariff TradeGEOPOLITICS ALPHA

This report is about copper and tariffs and trade.

Directly affected

  • No company is named in this report.

Indirectly affected

  • COPX Global X Copper Miners ETF-13.1% 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.

  • FCX Freeport-McMoRan-14.9% 30d

    Freeport-McMoRan (metal mining): copper miners' profits move with the copper price. Linked by “copper” (copper) in this story.

  • SCCO Southern Copper-14.1% 30d

    Southern Copper (metal mining): copper miners' profits move with the copper price. Linked by “copper” (copper) in this story.

  • CAT Caterpillar-23.2% 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-0.6% 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+12.9% 30d

    Walmart (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.

  • NKE Nike+6.7% 30d

    Nike (rubber and plastics footwear): 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

TickerT-5T-3T-1T0T+1T+2T+3
COPX+1.80%-2.33%baseafter closeafter closeafter closeafter close
XLI+0.40%+0.18%baseafter closeafter closeafter closeafter close
FCX+5.60%+0.51%baseafter closeafter closeafter closeafter close
SCCO+8.33%+1.31%baseafter closeafter closeafter closeafter close
CAT+9.45%+3.80%baseafter closeafter closeafter closeafter close
DE-2.37%-1.28%baseafter closeafter closeafter closeafter close
WMT-6.18%-1.18%baseafter closeafter closeafter closeafter close
NKE-5.11%-3.36%baseafter closeafter closeafter closeafter 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.

Democratic Sweep Revives the Stalled Copper Tariff Trade Benzinga

Source: Benzinga

Global X Fds (COPX) since “Democratic Sweep Revives the Stalled Copper Tariff Trade,” compared with the market

CompanyWhenMoveStatus
Caterpillar (CAT)three days earlier+3.80%final price
Caterpillar (CAT)five days earlier+9.45%final price
Global X Fds (COPX)three days earlier-2.33%final price
Global X Fds (COPX)five days earlier+1.80%final price
Deere (DE)three days earlier-1.28%final price
Deere (DE)five days earlier-2.37%final price
Freeport-Mcmoran (FCX)three days earlier+0.51%final price
Freeport-Mcmoran (FCX)five days earlier+5.60%final price
Nike (NKE)three days earlier-3.36%final price
Nike (NKE)five days earlier-5.11%final price
Southern Copper Corp/ (SCCO)three days earlier+1.31%final price
Southern Copper Corp/ (SCCO)five days earlier+8.33%final price
Walmart (WMT)three days earlier-1.18%final price
Walmart (WMT)five days earlier-6.18%final price
Select Sector Spdr Tr (XLI)three days earlier+0.18%final price
Select Sector Spdr Tr (XLI)five days earlier+0.40%final price

Trades by members of Congress and officials in the stocks in this story

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 gains and who loses around Global X Fds (COPX)

Companies tied to this story

  • COPX Global X Fds

    In “Democratic Sweep Revives the Stalled Copper Tariff Trade,” 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

  • XLI Select Sector Spdr Tr

    For “Democratic Sweep Revives the Stalled Copper Tariff Trade,” Select Sector Spdr Tr (XLI) is linked, with no stored direction, medium confidence. Reason on file: Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story

  • FCX Freeport-Mcmoran

    Freeport-Mcmoran (FCX) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Democratic Sweep Revives the Stalled Copper Tariff Trade.” 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 “Democratic Sweep Revives the Stalled Copper Tariff Trade,” 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

  • CAT Caterpillar

    In “Democratic Sweep Revives the Stalled Copper Tariff Trade,” Caterpillar (CAT) is linked, with no stored direction, medium confidence. Reason on file: 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

    Deere (DE) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Democratic Sweep Revives the Stalled Copper Tariff Trade.” Reason on file: 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

    Walmart (WMT) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Democratic Sweep Revives the Stalled Copper Tariff Trade.” Reason on file: Walmart (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story

  • NKE Nike

    Nike (NKE) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Democratic Sweep Revives the Stalled Copper Tariff Trade.” Reason on file: Nike (rubber and plastics footwear): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story

How “Democratic Sweep Revives the Stalled Copper Tariff Trade” reaches Global X Fds (COPX)

The 4 Nov 2026 story “Democratic Sweep Revives the Stalled Copper Tariff Trade” names Global X Fds (COPX) because of this story.

Global X Fds (COPX) is on the page because Global X Copper Miners ETF: it holds copper miners. Linked by “copper” (copper) in this story

Select Sector Spdr Tr (XLI) is here too. Its reason reads: Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) 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 61.24 and 74.00 across 20 sessions. The latest close on file is 61.76. XLI traded between 163.00 and 172.33 across 20 sessions. The latest close on file is 169.73.

A simple score for Global X Fds (COPX)

46 out of 100

“Democratic Sweep Revives the Stalled Copper Tariff Trade” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.