Growing Demand for Clean Energy Minerals Drives Strong Momentum in the Copper Miners ETF

Traders and investors eagerly await junior mining firms’ summer drill results as the mining season heats up. Copper’s importance in generating clean energy has gained attention as a result of President Joe Biden’s Inflation Reduction Act and a focus on minerals essential to the energy transition.

Experts highlighted copper’s crucial role in the energy transition at the Prospectors and Developers Association Conference (PDAC), forecasting a spike in its value over the next ten years. Small copper miners play a critical role in providing the mineral for renewable energy infrastructure, electric vehicle batteries, and other applications as demand for copper increases.

Investors have a rare opportunity to follow mid-, small-, and micro-cap companies in industries related to copper mining with the Sprott Junior Copper Miners ETF (COPJ). It is the only pure-play ETF that focuses on minor copper miners and matches the overall return performance of the Nasdaq-listed Sprott Junior Copper Miners Index.

ERO Copper Corp. (ERO), Hudbay Minerals Inc. (HBM), and Ivanhoe Electric Inc. (IE) are among COPJ’s top holdings, demonstrating the ETF’s market strength.

Technical Analysis: Since May 5, the COPJ chart shows a robust advance inside a rising channel pattern. The ETF has a history of establishing higher highs and higher lows; on July 24, it achieved a recent higher low of $19.90, and on July 15, it reached its most recent higher high of $21.50.