Key Facts
Copper tracker rebounds The CPER fund, which tracks copper futures rather than spot metal, settled at US$39.39, a gain of 0.54% on Wednesday, August 19, 2026.
US miners rally hard Shares of Southern Copper jumped 3.66% to US$194.68 and Freeport-McMoRan climbed 4.18% to US$69.09, outpacing the modest rise in the futures-tracking fund.
China demand still in focus The session followed a sharper 1.8% drop in front-month copper on Tuesday, when softer Chinese industrial data and property-sector stress spooked traders.
Supply remains tight Falling exchange inventories and limited new mining projects supported prices near a seven-week high, even as short-term demand scares lingered.
