- Business
- Global X Copper Miners ETF (COPX) is an exchange-traded fund that seeks to provide investment results corresponding generally to the price and yield performance, before fees and expenses, of the Solactive Global Copper Miners Total Return Index. The fund offers investors efficient access to a diversified basket of approximately 41 companies involved in copper mining, exploration, refining, and production worldwide; top holdings include KGHM Polska Miedz SA, Lundin Mining Corp, Boliden AB, Freeport-McMoRan Inc, Antofagasta PLC, Hudbay Minerals Inc, First Quantum Minerals Ltd, Southern Copper Corp, Glencore PLC, and Sumitomo Metal Mining Co Ltd. It focuses on the materials sector (97%) with minor industrials exposure (3%), targeting the growing demand for copper in electric vehicles, renewable energy storage, electrical equipment, construction, and infrastructure.
Launched on April 19, 2010, and managed by Global X ETFs, a subsidiary of Mirae Asset Global Investments headquartered at 605 Third Avenue, 43rd Floor, New York, New York, the ETF trades on the NYSE Arca exchange with a total expense ratio of 0.65% and net assets exceeding $3.75 billion.
Global X ETFs, founded in 2008, provides a broad lineup of over 80 ETFs spanning thematic growth, income, commodities, core equities, and alpha strategies across global markets including the US, Canada, Europe, Asia, Brazil, and others.
In recent developments, the ETF has seen robust performance with year-to-date returns of approximately 66.76% as of late 2025, driven by surging copper demand projections to 43 million metric tonnes by 2050; the parent Mirae Asset Global Investments grew to the 12th-largest ETF manager worldwide with over $141 billion in assets under management as of April 2025.
The fund underwent standard index rebalancing as reflected in its July 31, 2025 holdings report and continues to benefit from Global X's thematic expansion, including new UCITS versions of COPX launched in Europe.