Global X Copper Miners ETF (WIRE) $18.83

The  ASX-traded Copper Wire ETF has surged 90% from its panic April low delivering stellar returns for most local and overseas copper-facing stocks. ASX heavyweight Sandfire (SFR) has even managed to outperform slightly, surging 97% as local investors struggled to find alternatives to beef up their exposure to the industrial metal. Overall, an impressive performance by the sector considering LME copper has only advanced 33% from its April low.

• We wouldn’t be surprised to see some consolidation by the WIRE ETF in the coming weeks, but we believe it will be higher in 2026.