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Copper Stocks Are Sliding as Metal Retreats From Record High

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.