Dr. Copper — What say you?

What’s it saying, and who benefits next?

Quick take (Shooter-style):

Copper’s perking up means industry’s sniffing a turn. When the red metal starts running, it usually front-runs a lift in manufacturing PMIs and capex—not perfectly, but often by a few months. So I’m leaning “rotation into copper-linked names,” with a confirmation bid when PMIs firm. Where the money likely rotates

Core copper miners (direct torque to the metal)

FCX (Freeport-McMoRan) — diversified, large, copper-first strategy.

SCCO (Southern Copper) — scale + reserves, tight copper leverage.

IVN / IVPAF (Ivanhoe Mines) — Kamoa-Kakula growth vector.

TECK, LUNMF/LUN.TO (Lundin Mining), FM.TO/FQVLF (First Quantum) — beta to the cycle.

Basket route: COPX (Global X Copper Miners ETF).
⁠Evidence: FCX says “our strategy is focused on copper”; SCCO highlights being one of the largest integrated producers; COPX gives a one-click miner basket; Ivanhoe’s Kamoa-Kakula volumes keep building.