The Global X Copper Miners ETF (NYSEARCA:COPX) is an exchange-traded fund from Global X that is designed to provide investors with an easy way to track the performance of the Solactive Global Copper Miners Total Return Index. We will discuss the composition of this index in just a moment, but in short, it tracks the common equity performance of companies that are involved in the mining of copper, which is one of the more commonly used metals in several industries.
Copper And The Economy
Copper is one of the most commonly used metals in construction, electronics, and manufacturing.
This metal is frequently used in copper piping, which used to be the most common type of plumbing in residential properties, although its usage has declined in favor of PVC and PEX piping in recent years. However, the metal is still commonly used in commercial and industrial buildings due to being more…
