🟢 Copper Miners ETF (4COPD.XD) is trading 3.7% up today as exchange inventories fall

4COPD.XD is trading at €61.35 (+3.70%), supported by tight physical copper supply.

• Falling exchange inventories, limited new mines, Chilean weather disruptions and a temporary Peru mine halt signal a tighter market.
• Copper rose to approximately $13,992 per tonne on August 20; Freeport-McMoRan and Southern Copper gained 4.18% and 3.66%, reinforcing the sector-wide move.
• Sector-driven move: Antofagasta and Lundin Mining reduced or cut guidance after severe Chilean storms; LME supply concerns and possible U.S. tariff-related flows support prices.