COPP
Sprott Copper Miners ETF·Financial Services
39.70
1.926%(+0.75)
Market ClosedLast Updated: — ET
52W L: $17.8652W H: $47.46
Sprott Copper Miners ETF·Financial Services
Market Peers
Sprott Copper Miners ETF (NASDAQ: COPP - Get Free Report)'s stock price traded up 0.2% on Thursday. The company traded as high as $39.30 and last traded at $38.95. 109,348 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 366,835 shares. The stock had previously closed at $38.86.
Key Takeaways While energy investments of all kinds have struggled amid conflict in the Middle East, uranium might offer a compelling long-term opportunity. Sprott Asset Management CEO John Ciampaglia noted that uranium's fundamentals remain sound, and that it remains far harder to substitute or replace than other metals investors tend to allocate towards.
Silver is entering its sixth consecutive year of a structural supply deficit, as global production fails to keep pace with the massive demand required for the clean energy transition and AI infrastructure.
A portfolio with an underinvestment in copper may not translate to a clean bill of health from “Dr. Copper.” The structural shifts transforming the global copper market is creating explosive growth opportunities in the metal.
Despite falling below $5,000 recently, it could be an opportune time to strike and purchase the dip in gold prices. Fundamental demand drivers could continue to push the precious metal higher through the rest of the year.
In this episode of “Metals in Motion,” Steven Schoffstall, Managing Partner and Head of ETFs at Sprott Asset Management, discussed the fundamental transformation that's currently occurring in the global copper market. Copper is no longer just an industrial metal that has cyclical appeal, but a critical mineral with strong growth prospects.