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WIRE

$21.30-2.74%Energy Metals & Nuclear6/100
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Global X Copper Miners ETF · Global X

Data as at 29 March 2026

TL;DR

Tracks global copper mining companies. An electric vehicle uses approximately 83kg of copper versus 20kg in a petrol car, and a single offshore wind turbine requires approximately 8 tonnes — driving structurally growing copper demand.

MER (Annual Fee)
0.69%
#3 lowest in Energy Metals & Nuclear
1Y Return
+74.4%
3Y Return (p.a.)
+23.7%
Dividend Yield
-
Non-distributing
AUM
$55M
Assets under management
Avg Daily Turnover
$327K
Avg shares × unit price
Unit Price
$21.30
As at 29 March 2026
Provider
Global X
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Strategy

Follows the Solactive Global Copper Miners Index, covering companies that generate significant revenue from copper mining and production. Managed by Global X ETFs.

Top Holdings

Key Fact

An electric vehicle contains approximately 83kg of copper versus 20kg in a conventional petrol car. A single offshore wind turbine requires approximately 8 tonnes of copper. These figures drive the copper demand projections that underpin WIRE's investment thesis.

Suited for

Investors who want direct exposure to copper supply as a bet on the green energy transition. Copper demand from EVs, renewables, and grid upgrades is projected to grow significantly over the next decade.

Risks

Copper prices are cyclical and tied to global industrial activity and Chinese construction spending. Mining companies have additional operational risks beyond the commodity price itself.

ETFCheck Score6/100
Fees (40%)0
Fund Size (25%)1
Liquidity (20%)30
Yield (15%)0
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Frequently Asked Questions - WIRE

Why is copper considered the 'metal of electrification' and how does WIRE give Australian investors exposure?+
Copper is essential for EVs (which use roughly four times more copper than combustion vehicles), renewable energy infrastructure, data centres, and grid upgrades. WIRE tracks global copper mining companies, providing concentrated exposure to this structural demand theme at a 0.69% MER. Unlike buying ASX copper miners such as Sandfire Resources or 29Metals individually, WIRE diversifies across international producers including Freeport-McMoRan and Southern Copper, reducing single-stock risk while maintaining leveraged exposure to copper prices.
How does WIRE's concentration in copper miners affect its volatility compared to a broad resources ETF?+
WIRE is significantly more volatile than diversified resources ETFs like BetaShares QRE or VanEck RARI because it concentrates exclusively in copper miners, whose earnings are heavily leveraged to a single commodity price. When copper prices move 10%, mining stocks can swing 20-30% due to operational leverage. The ETF's strong 28.6% one-year return reflects a favourable copper cycle, but investors should expect sharp drawdowns during economic slowdowns when industrial demand weakens. It suits satellite allocation rather than core portfolio positioning.
What income can Australian SMSF investors expect from WIRE and how are distributions taxed?+
WIRE's yield of approximately 0.65% is modest, reflecting the growth-oriented nature of mining equities that typically reinvest profits into expansion. Distributions from WIRE are primarily foreign-sourced income with no Australian franking credits attached, meaning they are fully assessable at your marginal tax rate or 15% within an accumulation-phase SMSF. For pension-phase SMSF members seeking income, WIRE offers limited appeal compared to high-yielding ASX equity ETFs. Its primary investment case is capital appreciation driven by copper price upside.
Does WIRE hold any ASX-listed copper companies or is it purely international?+
WIRE predominantly holds international copper miners listed on exchanges like the NYSE, TSX, and LSE, including major producers such as Freeport-McMoRan and Ivanhoe Mines. It generally does not replicate ASX-listed copper exposure like Sandfire Resources or OZ Minerals (now BHP-owned). This means Australian investors can use WIRE to complement existing ASX resource holdings without significant overlap. However, the international focus introduces currency risk, as WIRE is unhedged and returns are affected by AUD/USD movements.