ICOP is trading at $48.32 (+3.02%) as copper and metals-mining ETFs benefit from a stronger commodity backdrop and increased demand linked to AI infrastructure.
- Copper demand is being bolstered by the AI/data-center buildout and broader resource scarcity themes.
- The move aligns with a wider risk-on sentiment in U.S. markets, while geopolitical tensions continue to keep oil and resource prices elevated.