Copper Stocks Are Sliding as Metal Retreats From Record High
The stock market was quiet on Wednesday, but copper stocks sure weren’t. Front-month copper futures were down 5.3%, on track for their worst one-day decline since July 5, 2022, according to Dow Jones Market Data. The Global X Copper Miners ETF was down 5.4%, on track for its largest percent decrease since May 11, 2023.