Copper miners ETF $COPX falls 11 weeks straight, longest skid since 2010
The Global Copper Miners ETF, $COPX, has dropped for 11 straight weeks — its longest losing streak since the fund's April 2010 debut, per @KobeissiLetter. The ETF is down 24.7% over the run and now sits 0.4% lower for the year, after being up as much as 34.8% in August.
- Original source: X account @KobeissiLetter.
- The source published it on Nov 9, 2026 at 2:23 PM.
- No second outlet has reported it yet. Treat it as a single-source claim.
- It comes from X posts, not a news outlet.
The Global Copper Miners ETF just logged a losing streak it has never seen before. $COPX fell for an 11th consecutive week, the longest run of weekly declines since the fund launched in April 2010, according to @KobeissiLetter. The old record — 10 straight down weeks — was set in 2015.
The damage is steep. Over the current streak, $COPX has shed 24.7% and sits near its lowest level since mid-December. That has flipped the fund to a 0.4% loss for the year, a sharp turn from August, when it was up as much as 34.8%.
The metal itself is sliding too. Copper futures have dropped 6.7% over the past four weeks, landing at $6.28 a pound — the cheapest since mid-July, per @KobeissiLetter.
Put together, it's a dramatic reversal for a sector that spent most of the year climbing. The miners have now given back nearly all of their 2025 gains, and copper prices are following them down.
TopicsGlobal Copper Miners ETF · COPX · Kobeissi Letter · copper futures
Source: x.com
Written by Paparazzi with AI. Not financial advice.
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