Elementum Metals is the issuer of this physically-backed range of Exchange Traded Commodities (ETCs). This range of innovative products designed to track the performance of copper, nickel and a basket of metals (cobalt, copper, nickel, palladium, platinum) used in Electric Vehicles. These metals are critical for the transition to a net zero carbon economy.
With society increasingly focused on the need to mitigate climate change, investors are looking for ways to invest in the energy transition. The Elementum range of ETCs is unique in providing physically-backed exposures to metals that will enable the reduction in reliance on fossil fuels, whether in transport or electricity generation. From Solar Energy to Electric Vehicles, metals such as copper and nickel will see steadily increasing demand in the coming years given their use in the build out of renewable energy technologies.
From a portfolio construction perspective, exposure to the metals helps to de-risk equity exposures and can bring diversification benefits to portfolios given the low levels of correlation between the metals and mainstream asset classes.
All metal held to back the Elementum range of ETCs conforms with standards set out by the LME (cobalt, copper, nickel) and LPPM (palladium and platinum). Base metals are held in LME-authorised warehouses in Rotterdam, and palladium and platinum in a LPPM-nominated vault in Zürich.
Elementum Metals has set out to pioneer the use of Distributed Ledger Technology. It is the first provider that uses blockchain to store information about the metal bars backing the ETCs, providing an immutable record of ownership.
Going forward, Elementum Metals is committed to offering investors physically-backed access to the different metals relevant to the energy transition to help meet investors’ need for liquid alternatives.
Gold, Silver, Platinum and Palladium ETCs have been fully redeemed as of 10th January 2023. All existing investors have been reimbursed for their holdings. Final valuations are available here