4COPD.XD is trading at €62.64 (+5.88%); the move is primarily sector-driven as copper supply concerns remain elevated after Chilean storm disruptions, a temporary Peru mine halt and the Gresik smelter outage.
- Lundin and Antofagasta reduced 2026 production guidance, reinforcing expectations of tighter mined supply.
- Copper futures rose 1.63% on August 21 as China restocking and constrained inventories supported the metal and copper-mining shares.