Copper's 2026 Bull Market And The ICOP ETF

Andrew Hecht Investing Group Leader Follow Summary ICOP, the iShares Copper and Metals Mining ETF, is rated a Buy as copper's multidecade bull market continues, supported by robust technical and fundamental trends. ICOP outperformed copper futures in 2026, rising 29.3% YTD versus copper's 16–18% gains, driven by mining companies' expanding profit margins. Supply-demand deficits, green energy, AI data center growth, and stagnant production underpin copper's bullish outlook, with China's demand a key variable. I recommend accumulating ICOP on pullbacks, as volatility and macro/geopolitical risks may trigger corrections despite the strong long-term thesis. Looking for more investing ideas like this one? Get them exclusively at Hecht Commodity Report. Learn More » Monty Rakusen/DigitalVision via Getty Images While copper trades in the futures market on the CME 's COMEX division, the most liquid copper market is the London Metal Exchange, which also trades the other nonferrous metals, including aluminum, nickel, lead, zinc, and tin. While copper futures contracts have This article was written by Andrew Hecht 31.46K Followers Follow Andrew Hecht is a 35-year Wall Street veteran covering commodities and precious metals. He runs the investing group The Hecht Commodity Report, one of the most comprehensive commodities services available. It covers the market movements of 20 different commodities and provides bullish, bearish and neutral calls; directional trading recommendations, and actionable ideas for traders. Learn more. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. The author always has positions in commodities markets in futures, options, ETF/ETN products, and commodity equities. These long and short positions tend to change on an intraday basis. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.