Stocks / ETF
CPERETF
FollowFollowingUnfollowUnited States Copper Index Fund
$39.371d +1.0%5d -0.1%settled close · 2026-11-02
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Mkt cap $911M (11/2)β 1.2252w $36–41Shares 23.1MInd. Commodity Contracts Brokers & DealersNYSE Arca since 2011HQ Walnut Creek, CA
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Who’s talking about CPER
75 long1 neutral8 shortlatest 2026-10-24
| Date | Voice | Stance | Venue | Thesis |
|---|---|---|---|---|
| 2026-10-24 | Chris WhalenBanking analyst — Whalen Global Advisors | Bullish | Julia La Roche Show (feed) | Copper is among the most attractive commodities as a real-asset diversifier alongside gold and energy… |
| 2026-10-19 | Lyn AldenIndependent macro strategist | Bullish | Wealthion | AI compute buildout and rising global defense spending create incremental demand for copper as capital… |
| 2026-10-16 | Larry McdonaldFounder, The Bear Traps Report | Bullish | Wealthion | AI data center buildout requires hundreds of thousands of tons of copper for construction and grid upgrades… |
| 2026-10-16 | Dirk WillerGlobal Head of Macro Strategy & Asset Allocation, Citi Research | Bullish | The Meb Faber Show | Global data momentum index is rising broadly including Europe, historically the best Sharpe environment for… |
| 2026-10-15 | Mike McGloneSenior commodity strategist, Bloomberg Intelligence | Bearish | Bloomberg TV (uncut) | Copper's 50-day correlation with the S&P 500 is at a record high of 0.64, and since correlations go to 1 on… |
| 2026-10-13 | Django DavidsonFounding Partner & Portfolio Manager, Hosking Partners | Bullish | Master Investor (Wilfred Frost) | Large-scale copper discoveries have effectively ceased and existing mines in Chile are reporting persistent… |
| 2026-10-09 | Ivan BebekFounder & CEO, Coppernico Metals | Bullish | Fox Claman Countdown (playlist) | Governments and trading houses are racing to acquire stakes in early-stage copper exploration companies… |
| 2026-10-06 | Dan FerrisEditor, Extreme Value; host, Stansberry Investor Hour | Bullish | Whitney Tilson | Copper supply requires roughly $250 billion of investment but commitments are about $100 billion short, while… |
| 2026-10-02 | Jesse FelderAuthor, The Felder Report | Bullish | Wealthion | Copper supplies are structurally tight due to 15 years of minimal capital investment in new mines, and until… |
| 2026-10-01 | Bill | Bullish | CNBC Fast Money Final Trade | Copper and broad commodities have been sold off on technical and rate-driven flows rather than fundamental… |
Show all 84 mentions
| Date | Voice | Stance | Venue | Thesis |
|---|---|---|---|---|
| 2026-09-29 | Brent JohnsonCEO, Santiago Capital | Bullish | Monetary Metals and Brent Johnson Milkshakes Pod | Investing • Finance | Deglobalization, tariffs, and broken supply chains are elevating real assets to national-security status… |
| 2026-09-24 | Patrick Ceresna (Macro Voices)Co-host, MacroVoices & Market Huddle | Bullish | Macro Voices | Despite crowded long positioning at the 100th percentile, dip-buyers immediately absorbed a 7% tariff-driven… |
| 2026-09-24 | Patrick Ceresna (Macro Voices)Co-host, MacroVoices & Market Huddle | Bullish | Macro Voices | A tariff-driven 7% correction was immediately bought back to 52-week highs, demonstrating ample sideline… |
| 2026-09-21 | Jonathan WellumCEO & CIO, RockLinc Investment Partners | Bullish | Wealthion | Structural deficit in copper supply against accelerating demand from AI data centers, EV buildout, and grid… |
| 2026-09-17 | John LovePresident & CEO, USCF Investments | Bullish | The Acquirers Podcast | Structural supply deficit driven by AI data centers, EVs, and electrification cannot be closed for 10-15+… |
| 2026-09-16 | Henrik ZebergHead Macroeconomist, Swissblock | Bearish | Wealthion | Copper is near a potential top driven by demand narratives that will collapse when real-economy weakness… |
| 2026-08-24 | Kathy KriskeyHead of alternatives ETF strategy, Invesco | Bullish | Bloomberg Open Interest | Three simultaneous demand drivers — deglobalization-driven strategic stockpiling ahead of Section 232… |
| 2026-08-21 | Jonathan WellumCEO & CIO, RockLinc Investment Partners | Bullish | Wealthion | Copper is the most predictable of the key industrial metals and benefits from electrification demand, which… |
| 2026-08-20 | Luke GromenMacro strategist — founder, FFTT | Bullish | The Monetary Matters Network | Copper at ~$7/lb is essential for US grid buildout and reshoring; with private manufacturing construction… |
| 2026-08-14 | Jonathan WellumCEO & CIO, RockLinc Investment Partners | Bullish | Wealthion | Copper faces a structural supply deficit driven by digitization, data centers, and robotics demand while… |
| 2026-08-14 | Luke GromenMacro strategist — founder, FFTT | Bullish | The Meb Faber Show | Copper sits at the intersection of three converging forces — secular inflation from Hamiltonian reshoring… |
| 2026-08-12 | M. Stephen EndersExec. chairman, Brooks & Nelson; ex-SVP exploration, Newmont | Bullish | Wealthion | Copper demand out to 2050 structurally exceeds what current and near-shovel-ready projects can supply… |
| 2026-08-05 | Lobo TiggreFounder & Editor, IndependentSpeculator.com | Bearish | Wealthion | Copper is still trading above $6 near all-time nominal highs and has not corrected enough to represent a… |
| 2026-07-22 | Mark MillsExecutive Director, National Center for Energy Analytics | Bullish | Wealthion | Planned and operating copper mine capacity has not grown meaningfully in a decade despite known structural… |
| 2026-07-10 | Rick RuleFormer CEO, Sprott US Holdings | Bearish | Wealthion | Copper has retreated from all-time nominal highs but remains above $6/lb — still far from a 'buy low' entry… |
| 2026-07-10 | Jim Cramer (CNBC)Host, CNBC's Mad Money | Neutral | CNBC Television | Cyclical companies are hostage to the broader economy with violently volatile earnings, making them only… |
| 2026-07-09 | Jeff CurrieCommodities strategist (ex-Goldman) | Bullish | Wealthion | Chronic under-investment in copper mines has created a structural supply deficit while electrification and… |
| 2026-06-25 | Rick RuleFormer CEO, Sprott US Holdings | Bullish | Wealthion | The Tethyan belt (Romania through Mongolia) and analogous political-risk jurisdictions are structurally… |
| 2026-06-24 | Jeremy GranthamCo-founder & long-term strategist, GMO | Bullish | NA | Copper ore grade has declined from 4% to 0.3%, requiring 10x more extraction effort per unit of output… |
| 2026-06-20 | Chris WhalenBanking analyst — Whalen Global Advisors | Bullish | Julia La Roche Show | Structural supply shortage in copper against rising industrial demand — not enough is being mined to meet… |
| 2026-06-16 | Ted OakleyManaging Partner, Oxbow Advisors | Bullish | Julia La Roche Show | AI infrastructure buildout requires massive copper demand while new mine supply takes years and enormous… |
| 2026-06-05 | Chris DavisChairman, Davis Advisors | Bullish | Bloomberg Podcasts | AI infrastructure capex creates durable structural demand for copper as an essential enabler of the buildout… |
| 2026-06-04 | Patrick Ceresna (Macro Voices)Co-host, MacroVoices & Market Huddle | Bullish | Macro Voices | Copper is the most technically constructive commodity chart, trading at 52-week highs with pullbacks… |
| 2026-05-21 | Daniel LacalleChief Economist & CIO, Tressis | Bullish | Wealthion | Long-term electrification of transport fleets and the energy-mix transition structurally drives copper… |
| 2026-05-14 | Patrick Ceresna (Macro Voices)Co-host, MacroVoices & Market Huddle | Bullish | Macro Voices | Copper has broken out to all-time highs and pullbacks are being bought, with individual copper equities not… |
| 2026-05-05 | Grant WilliamsFinancial writer & podcast host | Bullish | Grant Williams Podcast | Every country on Earth needs copper and there have been no major tier-one discoveries in five years, so… |
| 2026-04-22 | Daniel YerginVice Chairman, S&P Global | Bullish | Odd Lots | EVs require nearly three times the copper of conventional cars, humanoid robots are also highly… |
| 2026-04-11 | Grant WilliamsFinancial writer & podcast host | Bullish | Grant Williams Podcast | The world is transitioning from an age of abundance to an age of scarcity, creating a sovereign-level… |
| 2026-02-28 | Stanley DruckenmillerChairman/CEO, Duquesne Family Office | Bullish | Druckenmiller Official | Real asset commodities benefit from the inflationary resolution of the debt cycle and are essential to… |
| 2026-02-27 | Stanley DruckenmillerChairman/CEO, Duquesne Family Office | Bullish | interview | Copper supply is structurally tight for at least eight years with no meaningful new supply coming online… |
| 2026-01-15 | Tyler RosenlichtPortfolio Manager, Cohen & Steers | Bullish | Odd Lots | A decade of capital starvation and massive sector consolidation has left only a handful of survivors to… |
| 2026-01-11 | Grant WilliamsFinancial writer & podcast host | Bullish | Grant Williams Podcast | Copper is cheap and, as a tangible industrial commodity with essential use and function, stands to benefit… |
| 2025-12-24 | Mike NovogratzFounder/CEO, Galaxy Digital | Bullish | Galaxy | Copper is part of the same macro trade as gold and silver, benefiting from dollar weakness and liquidity… |
| 2025-12-04 | Patrick Ceresna (Macro Voices)Co-host, MacroVoices & Market Huddle | Bullish | Marko Papic | Copper has broken out to new cycle highs driven by staggering physical demand, with momentum indicators… |
| 2025-10-14 | Sven CarlinFounder, Sven Carlin Research Platform | Bullish | Wealthion | Long-term Asian demand growth structurally supports copper prices, but single-mine political risk in… |
| 2025-09-11 | Jonathan WellumCEO & CIO, RockLinc Investment Partners | Bullish | Wealthion | AI data centers, electrification of transportation, grid rebuilds, and digitization are driving 3–5% annual… |
| 2025-08-14 | Tavi CostaPartner, Crescat Capital | Bullish | Wealthion | Bloomberg BNEF projects 400,000 tons/year of incremental AI-construction demand over the next decade against… |
| 2025-07-26 | Felix JauvinCo-host, Forward Guidance (Blockworks) | Bullish | Forward Guidance | Copper is a cyclical inflation hedge that has not yet priced in the debasement/secular-inflation narrative… |
| 2025-07-18 | Christopher DeeleyFinancial Advisor & Portfolio Manager, Grimes & Company | Bullish | Wealthion | Copper is the best long-term metals play because it hasn't matched the run in other metals yet while… |
| 2025-07-17 | Nomi PrinsFounder, Prinsights Global | Bullish | Wealthion | Copper placed under Section 232 national security review for the first time, flagging it as a critical… |
| 2025-07-17 | Peter GrosskopfChairman, SCP Resource Finance; former CEO, Sprott | Bullish | Wealthion | A prolonged mining bear market left specialty mineral producers deeply undervalued; generalist investors only… |
| 2025-07-15 | Peter GrosskopfChairman, SCP Resource Finance; former CEO, Sprott | Bullish | Wealthion | Copper already faces a supply shortage that requires massive long-lead investment, and a 50% tariff… |
| 2025-07-15 | Rudi FronkChairman & CEO, Seabridge Gold | Bullish | Wealthion | At $4.50/lb copper, new large-scale projects still cannot be justified economically, so prices must rise… |
| 2025-07-15 | Nomi PrinsFounder, Prinsights Global | Bullish | Wealthion | The first-ever Section 232 national security investigation into copper, with a preliminary report due… |
| 2025-07-15 | Jason JessupCEO, Magna Mining | Bullish | Wealthion | Global electrification and AI data center demand are rising while average ore grades decline and new… |
| 2025-07-09 | Jordi VisserHead of AI Macro Nexus Research, 22V Research | Bullish | Wealthion | Insatiable demand driven by AI data center buildout plus the coming hardware wave for humanoids and robotics… |
| 2025-07-07 | Steven StewartChairman, XXIX Metals | Bullish | Wealthion | XXIX Metals owns 100% of Canada's highest-grade open-pit copper deposit (Opamisca, 150Mt at 7% Cu) and… |
| 2025-07-07 | Unknown | Bullish | Wealthion | Pampa Metals has one of the few new copper discoveries in Europe with potential for production this decade… |
| 2025-07-02 | Marko PapicGeopolitical macro strategist | Bullish | Wealthion | Financial assets are at their most extreme overvaluation relative to real assets in recorded history, and as… |
| 2025-05-06 | Doug BurgumSecretary of the Interior, U.S. Department of the Interior | Bullish | All-In Podcast | Copper demand is at an all-time high driven by electric motors, advanced manufacturing, and AI… |
| 2025-04-04 | Jared DillianAuthor, The Daily Dirtnap | Bullish | Forward Guidance | Chronic underinvestment in base metals has created a structural opportunity in copper and related… |
| 2025-02-05 | Jonathan WellumCEO & CIO, RockLinc Investment Partners | Bullish | Wealthion | The green energy transition and AI infrastructure buildout require massive copper volumes while mining stocks… |
| 2025-01-17 | Jc ParetsFounder & Chief Market Strategist, All Star Charts | Bullish | The Compound | Copper historically doesn't diverge far from gold in commodity super cycles; with gold already at all-time… |
| 2024-12-04 | Lobo TiggreFounder & Editor, IndependentSpeculator.com | Bullish | Wealthion | Trump's inflationary agenda combined with no voluntary supply restraint (unlike oil or uranium) sets up… |
| 2024-11-25 | Michael KaoFounder, Akanthos Capital Management | Bearish | Forward Guidance | Procyclical commodities are flashing a cautionary sign as copper's dramatic weakening reflects China's… |
| 2024-10-17 | Tian YangCEO, Variant Perception | Bullish | Wealthion | Geopolitical strategic importance combined with structurally limited supply makes energy-transition metals… |
| 2024-10-03 | Chris CaseyManaging Director, WindRock Wealth Management | Bullish | Wealthion | Copper has dual structural demand from EV and grid-scale battery storage AND the miles of wiring needed to… |
| 2024-08-01 | Jonathan WellumCEO & CIO, RockLinc Investment Partners | Bullish | Wealthion | Energy-transition demand combined with constrained new mine supply will create a structural imbalance in… |
| 2023-05-25 | David RosenbergEconomist — Rosenberg Research | Bullish | Top Traders Unplugged | Energy transition creates structural long-run demand for electrification metals, prompting Rosenberg Research… |
| 2023-04-24 | Zoltan PozsarFounder, Ex Uno Plures; ex-Credit Suisse | Bullish | Rebel Capitalist | Same ESG-driven underinvestment and geopolitical supply disruption dynamics affecting oil also apply to… |
| 2023-03-15 | Zoltan PozsarFounder, Ex Uno Plures; ex-Credit Suisse | Bullish | Resource Talks | A decade of underinvestment in commodity supply, combined with a surge in government-driven demand from… |
| 2023-03-01 | Louis Vincent GaveCo-founder & CEO, Gavekal | Bullish | Louis-Vincent Gave | China's reopening directly restores suppressed commodity demand regardless of where new factories are built —… |
| 2023-01-30 | Host WallstreetwindowHost, WallStreetWindow | Bullish | Jeremy Grantham | Mining and copper stocks are leading the current rally because the macro environment has shifted to one of… |
| 2023-01-30 | Michael SwansonFounder, WallStreetWindow | Bullish | Jeremy Grantham | The new inflationary macro regime favors real-asset and defensive sectors over speculative growth, making… |
| 2022-12-16 | Nouriel RoubiniEconomist; professor emeritus, NYU Stern | Bullish | Channel 4 News | Green metals benefit simultaneously from inflation, the energy transition driving structural demand, fiat… |
| 2022-12-15 | Will ThomsonFounder & managing partner, Massif Capital | Bullish | We Study Billionaires | A copper mine discovered today takes 15 years to bring into production, meaning the copper needed for the… |
| 2022-10-19 | Harris KuppermanFounder, Praetorian Capital | Bullish | Meb Faber | Base metals face the same supply-deficit dynamic as oil due to years of underinvestment, while demand… |
| 2022-05-02 | Raoul PalCo-founder, Real Vision; ex-GLG PM | Bullish | Real Vision | The ESG electrification revolution requires copper at massive scale for electricity generation, but chronic… |
| 2021-06-29 | David RosenbergEconomist — Rosenberg Research | Bearish | Real Vision Presents | COMEX net speculative long positions in copper are 'off the charts' — price is driven by financial… |
| 2021-05-07 | Raoul PalCo-founder, Real Vision; ex-GLG PM | Bullish | Real Vision Presents | The global shift to an 'electron economy' (EVs, renewable energy, electrification) creates a structural… |
| 2021-01-04 | Lyn AldenIndependent macro strategist | Bullish | Raoul Pal | New copper supply is not being incentivized at current prices while India's infrastructure buildout — with… |
| 2017-03-09 | Dan LoebFounder/CEO, Third Point | Bullish | Yoshida | Scale of fiscal and monetary stimulus makes inflation nearly unavoidable, so assets with… |
| 2016-06-20 | Raoul PalCo-founder, Real Vision; ex-GLG PM | Bearish | Real Vision | Copper faces dual headwinds—secular supercycle bust pushing 10-year returns lower AND the current business… |
| 2015-01-23 | Raoul PalCo-founder, Real Vision; ex-GLG PM | Bearish | Real Vision Presents | Copper is priced in dollars and has not yet fully repriced the dollar's breakout move, making it vulnerable… |
1 new mention of CPER this week is not on this page yet. Follow it free and new calls come to you in The Brief, the free morning email. Free pages update a week later.
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The options tape
Notable options days
Sessions in the last 120 where CPER’s settled options volume ran ≥ 2× its trailing 20-session baseline, or delta-dollar flow ran ≥ 2.5× — 7 of 120 sessions qualified.
The qualifying dates are the free record. Close, flow, call/LEAPS mix and the 20-session outcome — for every session below — are member content.
| Date | Close | RVOL | Δ$ flow ($M) | Call % | LEAPS % | +20 sess. |
|---|---|---|---|---|---|---|
| 2026-09-18 | ||||||
| 2026-08-19 | ||||||
| 2026-08-13 | ||||||
| 2026-08-10 | ||||||
| 2026-08-05 | ||||||
| 2026-08-04 | ||||||
| 2026-07-21 |
+20 sess. = raw price change over the following 20
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