4COPD.XD is trading at €60.00 (-3.51%) as escalating U.S.–Iran hostilities pushed oil higher, raising inflation and global-growth concerns while copper and other base metals weakened.
- On September 2, 2026, three-month LME copper fell 1% to $14,133 per metric ton, breaking below its 21-day moving average.
- High copper prices reduced Chinese downstream purchasing and narrowed spot premiums, adding demand pressure to copper-miner equities. ETF decline appears sector-driven, amplified by geopolitical risk aversion and stronger-dollar/Fed-hike concerns.