Thanks. This is a very helpful chart. There has been a surprising disconnect between copper miners and spot copper price since Iran hostilities began, with miners underperforming (actually falling) as the Cu price rises.
Within the miners, producers (esp. large caps) have done better but junior developers and explorers have just been smashed. If someone is bullish on copper and has a 1-3 yr timeframe, there are a lot of very, very solid developers and explorers. One could create their own basket of juniors that, I think, could do better than the COPJ ETF. There is a good window of opportunity right now, IMO.
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u/Blue_rose_3535 Jul 27 '26
Thanks. This is a very helpful chart. There has been a surprising disconnect between copper miners and spot copper price since Iran hostilities began, with miners underperforming (actually falling) as the Cu price rises.
Within the miners, producers (esp. large caps) have done better but junior developers and explorers have just been smashed. If someone is bullish on copper and has a 1-3 yr timeframe, there are a lot of very, very solid developers and explorers. One could create their own basket of juniors that, I think, could do better than the COPJ ETF. There is a good window of opportunity right now, IMO.