On August 21, Global X Copper Miners ETF rose 5.15% in regular trading, trading at $94.56/share, with turnover of $99.15 million.

On the news front, LME copper's front-month contract surged over 1%, approaching the all-time high of $14,527.50 per tonne. Supply-side conditions have tightened dramatically: LME copper inventories have declined for 42 consecutive trading days, while the spot premium over three-month futures spiked above $500 per tonne — the highest level since 2021 — signaling extreme physical tightness. Major miners covering approximately 55% of global copper supply reported Q2 production down 3.9% year-over-year, with institutions forecasting a global refined copper deficit of 420,000-440,000 tonnes. Additional demand-side support comes from AI data center buildouts, highlighted by Korea Eximbank's $1 billion financing deal with Glencore to secure copper supplies for Korean firms.

The fund invests at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. The underlying index is designed to measure broad-based equity market performance of global companies involved in the copper mining industry. The fund is non-diversified.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)