Global X Copper Miners ETF is trading at $77.04, down 5.2% from its June 8 close of $81.22 as falling copper futures and risk-off sentiment continue to weigh on the sector.
- The fund is extending a sharp pullback that saw shares drop over 10% on June 5, driven by a shift in market sentiment toward industrial metals.
- After-hours weakness reflects investor caution regarding copper demand and expectations of a tighter Federal Reserve following robust U.S. employment data.
- Persistent geopolitical uncertainty remains a headwind for miners, even as broader equity indices show signs of a partial recovery.