🔴 Copper Miners ETF (4COPD.XD) is trading 5.01% down as high prices curbed Chinese downstream buying

4COPD.XD is trading at €62.18 (-5.01%) as high copper prices reduced Chinese downstream purchasing on September 1, 2026.

• Copper-miner equities weakened despite firm copper fundamentals; spot premiums narrowed.
• Broader risk aversion intensified after U.S.-Iran tensions pushed oil above $90 and lifted bond yields, pressuring global equities and cyclical mining shares.
• Copper futures fell 1.46% in U.S. trading, adding direct sector pressure.