Global X Copper Miners ETF (ASX: WIRE) $21.85

As we touched on earlier the local copper names reversed higher on Tuesday, despite the escalating conflict between the US and Iran, which was encouraging for the bulls like ourselves. So far in 2026, while copper has advanced ~9%, the Copper Miners ETF (WIRE) has struggled, retreating ~2%; however, as we’ve seen before, if traders get a sniff that the industrial metal is set to challenge its recent all-time highs, the copper miners can explode higher – we believe such a move could be close at hand.

• We continue to target new highs for copper over the next 6-months which could see the WIRE ETF test ~$30, or 30% higher.