Geopolitics Alpha

Tracing Copper Refinery Emissions Particle by Particle

Published . Updated .

Key takeaways

  • Exposed: CRAK, XLE, COPX, FCX, SCCO
  • Market reaction: XLE −0.8% on the day; CRAK −0.7% on the day; SCCO −3.2% on the day

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ENERGYTracing Copper Refinery EmissionsParticle by ParticleGEOPOLITICS ALPHA

This report is about refining and copper.

Directly affected

  • No company is named in this report.

Indirectly affected

  • CRAK VanEck Oil Refiners ETF

    VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story.

  • XLE Energy Select Sector SPDR+8.9% 30d

    Energy Select Sector SPDR: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story.

  • 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.

  • FCX Freeport-McMoRan-15.3% 30d

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

  • SCCO Southern Copper-13.0% 30d

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

  • VLO Valero Energy+1.1% 30d

    Valero Energy (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story.

  • MPC Marathon Petroleum+9.5% 10d

    Marathon Petroleum (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story.

  • PSX Phillips 66+9.1% 30d

    Phillips 66 (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
CRAK+1.98%+0.61%base-0.67%after closeafter closeafter close
XLE+1.44%+2.16%base-0.83%after closeafter closeafter close
COPX+5.32%+4.23%base-1.49%after closeafter closeafter close
FCX+4.78%+5.07%base-1.89%after closeafter closeafter close
SCCO+8.44%+6.94%base-3.22%after closeafter closeafter close
VLO+1.54%+0.86%base+1.57%after closeafter closeafter close
MPC+1.26%+0.47%base-0.63%after closeafter closeafter close
PSX-2.43%-0.52%base-1.04%after 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.

Tracing Copper Refinery Emissions Particle by Particle Spectroscopy Online

Source: Spectroscopy Online

How far Vaneck Etf Trust (CRAK) has moved since 3 Nov 2026

CompanyWhenMoveStatus
Global X Fds (COPX)that day-1.49%final price
Global X Fds (COPX)three days earlier+4.23%final price
Global X Fds (COPX)five days earlier+5.32%final price
Vaneck Etf Trust (CRAK)that day-0.67%final price
Vaneck Etf Trust (CRAK)three days earlier+0.61%final price
Vaneck Etf Trust (CRAK)five days earlier+1.98%final price
Freeport-Mcmoran (FCX)that day-1.89%final price
Freeport-Mcmoran (FCX)three days earlier+5.07%final price
Freeport-Mcmoran (FCX)five days earlier+4.78%final price
Marathon Petroleum (MPC)that day-0.63%final price
Marathon Petroleum (MPC)three days earlier+0.47%final price
Marathon Petroleum (MPC)five days earlier+1.26%final price
Phillips 66 (PSX)that day-1.04%final price
Phillips 66 (PSX)three days earlier-0.52%final price
Phillips 66 (PSX)five days earlier-2.43%final price
Southern Copper Corp/ (SCCO)that day-3.22%final price
Southern Copper Corp/ (SCCO)three days earlier+6.94%final price
Southern Copper Corp/ (SCCO)five days earlier+8.44%final price
Valero Energy (VLO)that day+1.57%final price
Valero Energy (VLO)three days earlier+0.86%final price
Valero Energy (VLO)five days earlier+1.54%final price
Select Sector Spdr Tr (XLE)that day-0.83%final price
Select Sector Spdr Tr (XLE)three days earlier+2.16%final price
Select Sector Spdr Tr (XLE)five days earlier+1.44%final price

Congressional stock trades in Vaneck Etf Trust (CRAK)

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 collects and who pays in energy

Companies carried with this story

  • CRAK Vaneck Etf Trust

    Vaneck Etf Trust (CRAK) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Tracing Copper Refinery Emissions Particle by Particle.” Reason on file: VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story

  • XLE Select Sector Spdr Tr

    In “Tracing Copper Refinery Emissions Particle by Particle,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story

  • COPX Global X Fds

    Global X Fds (COPX) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Tracing Copper Refinery Emissions Particle by Particle.” Reason on file: Global X Copper Miners ETF: it holds copper miners. Linked by “copper” (copper) in this story

  • FCX Freeport-Mcmoran

    For “Tracing Copper Refinery Emissions Particle by Particle,” 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/

    In “Tracing Copper Refinery Emissions Particle by Particle,” 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

  • VLO Valero Energy

    Valero Energy (VLO) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Tracing Copper Refinery Emissions Particle by Particle.” Reason on file: Valero Energy (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story

  • MPC Marathon Petroleum

    For “Tracing Copper Refinery Emissions Particle by Particle,” Marathon Petroleum (MPC) is linked, with no stored direction, medium confidence. Reason on file: Marathon Petroleum (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story

  • PSX Phillips 66

    In “Tracing Copper Refinery Emissions Particle by Particle,” Phillips 66 (PSX) is linked, with no stored direction, medium confidence. Reason on file: Phillips 66 (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story

Vaneck Etf Trust (CRAK) and the energy link

On 3 Nov 2026, “Tracing Copper Refinery Emissions Particle by Particle” is the story that connects Vaneck Etf Trust (CRAK) to Energy.

What ties Vaneck Etf Trust (CRAK) to the headline is this: VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story

Select Sector Spdr Tr (XLE) is here too. Its reason reads: Energy Select Sector SPDR: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story

The price range for Vaneck Etf Trust (CRAK), and the dates in the story

COPX traded between 72.29 and 87.15 across 20 sessions. The latest close on file is 73.20. XLE traded between 62.95 and 70.15 across 20 sessions. The latest close on file is 67.26.

How solid the energy case looks

46 out of 100

“Tracing Copper Refinery Emissions Particle by Particle” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.