Heated US inflation readings deepen downward pressure on copper, though local supply shortages ease the blow
Published . Updated .
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This report is about copper and inflation and prices.
Directly affected
- No company is named in this report.
Indirectly affected
- COPX Global X Copper Miners ETF-15.1% 30d
Global X Copper Miners ETF: it holds copper miners. Linked by “copper” (copper) in this story.
- TIP iShares TIPS Bond ETF+0.9% 18d
iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.
- FCX Freeport-McMoRan-13.8% 30d
Freeport-McMoRan (metal mining): copper miners' profits move with the copper price. Linked by “copper” (copper) in this story.
- SCCO Southern Copper-15.9% 30d
Southern Copper (metal mining): copper miners' profits move with the copper price. Linked by “copper” (copper) in this story.
- WMT Walmart+20.2% 30d
Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
- COST Costco Wholesale+17.1% 30d
Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
- PG The Procter & Gamble+16.0% 30d
The Procter & Gamble (soap, detergents, cleang preparations, perfumes, cosmetics): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
- KO The Coca-Cola+12.6% 30d
The Coca-Cola (beverages): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) 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 | -4.29% | +2.46% | base | after close | after close | after close | after close |
| TIP | +0.93% | +0.72% | base | after close | after close | after close | after close |
| FCX | -6.82% | +0.32% | base | after close | after close | after close | after close |
| SCCO | -4.18% | +2.03% | base | after close | after close | after close | after close |
| WMT | +1.68% | +0.01% | base | after close | after close | after close | after close |
| COST | -1.92% | -1.90% | base | after close | after close | after close | after close |
| PG | -0.34% | +0.44% | base | after close | after close | after close | after close |
| KO | -1.84% | -1.56% | 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.
Heated US inflation readings deepen downward pressure on copper, though local supply shortages ease the blow Traders Union
Source: Traders Union
The price since 11 Nov 2026: Global X Fds (COPX) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| Global X Fds (COPX) | three days earlier | +2.46% | final price |
| Global X Fds (COPX) | five days earlier | -4.29% | final price |
| Costco Wholesale (COST) | three days earlier | -1.90% | final price |
| Costco Wholesale (COST) | five days earlier | -1.92% | final price |
| Freeport-Mcmoran (FCX) | three days earlier | +0.32% | final price |
| Freeport-Mcmoran (FCX) | five days earlier | -6.82% | final price |
| Coca Cola (KO) | three days earlier | -1.56% | final price |
| Coca Cola (KO) | five days earlier | -1.84% | final price |
| Procter & Gamble (PG) | three days earlier | +0.44% | final price |
| Procter & Gamble (PG) | five days earlier | -0.34% | final price |
| Southern Copper Corp/ (SCCO) | three days earlier | +2.03% | final price |
| Southern Copper Corp/ (SCCO) | five days earlier | -4.18% | final price |
| Ishares Tr (TIP) | three days earlier | +0.72% | final price |
| Ishares Tr (TIP) | five days earlier | +0.93% | final price |
| Walmart (WMT) | three days earlier | +0.01% | final price |
| Walmart (WMT) | five days earlier | +1.68% | final price |
Congressional trades in the stocks in this story
- Rep. Rohit Khanna bought Walmart (WMT) (held by a dependent child), worth $15,001 - $50,000 on 13 Oct 2026. That is 29 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Walmart (WMT) (held by a spouse), worth $1,001 - $15,000 on 7 Oct 2026. That is 35 days before publication. Filed 5 Nov 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 40 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Pete Sessions sold Costco Wholesale (COST), worth $100,001 - $250,000 on 13 Oct 2026. That is 29 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Costco Wholesale (COST) (held by a spouse), worth $1,001 - $15,000 on 12 Oct 2026. That is 30 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna bought Costco Wholesale (COST) (held by a spouse), worth $1,001 - $15,000 on 7 Oct 2026. That is 35 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Maria Elvira Salazar bought Procter & Gamble (PG), worth $1,001 - $15,000 on 23 Oct 2026. That is 19 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. David J. Taylor sold Procter & Gamble (PG), worth $1,001 - $15,000 on 12 Oct 2026. That is 30 days before publication. Filed 15 Oct 2026. View the filing.
- Rep. Pete Sessions sold Procter & Gamble (PG), worth $1,001 - $15,000 on 8 Oct 2026. That is 34 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern bought Coca Cola (KO) (jointly held), worth $1,001 - $15,000 on 31 Aug 2026. That is 72 days before publication. Filed 25 Sep 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 gains and who loses around Global X Fds (COPX)
Companies tied to this story
- COPX Global X Fds
Global X Fds (COPX) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Heated US inflation readings deepen downward pressure on copper, though local supply shortages ease the blow.” Reason on file: Global X Copper Miners ETF: it holds copper miners. Linked by “copper” (copper) in this story
- TIP Ishares Tr
In “Heated US inflation readings deepen downward pressure on copper, though local supply shortages ease the blow,” Ishares Tr (TIP) is linked, with no stored direction, medium confidence. Reason on file: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
- FCX Freeport-Mcmoran
For “Heated US inflation readings deepen downward pressure on copper, though local supply shortages ease the blow,” 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 “Heated US inflation readings deepen downward pressure on copper, though local supply shortages ease the blow,” 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
- WMT Walmart
Walmart (WMT) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Heated US inflation readings deepen downward pressure on copper, though local supply shortages ease the blow.” Reason on file: Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
- COST Costco Wholesale
Costco Wholesale (COST) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Heated US inflation readings deepen downward pressure on copper, though local supply shortages ease the blow.” Reason on file: Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
- PG Procter & Gamble
For “Heated US inflation readings deepen downward pressure on copper, though local supply shortages ease the blow,” Procter & Gamble (PG) is linked, with no stored direction, medium confidence. Reason on file: The Procter & Gamble (soap, detergents, cleang preparations, perfumes, cosmetics): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
- KO Coca Cola
In “Heated US inflation readings deepen downward pressure on copper, though local supply shortages ease the blow,” Coca Cola (KO) is linked, with no stored direction, medium confidence. Reason on file: The Coca-Cola (beverages): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
Global X Fds (COPX)
Global X Fds (COPX) is the company in “Heated US inflation readings deepen downward pressure on copper, though local supply shortages ease the blow,” the 11 Nov 2026 this story 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
Also listed, Ishares Tr (TIP): iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) 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 71.79 across 20 sessions. The latest close on file is 60.30. TIP traded between 103.77 and 105.61 across 16 sessions. The latest close on file is 105.27.
What the saved facts support for Global X Fds (COPX)
46 out of 100
“Heated US inflation readings deepen downward pressure on copper, though local supply shortages ease the blow” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.