Copper's 2026 Bull Market And The ICOP ETF

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.