For more information please use the contact page
Elementum Metals ETCs are exchange-traded-commodities linked to the performance of the metal they represent.
Elementum Metals ETCs are linked to Copper, Nickel and an Electric Vehicle Metals Basket.
Elementum Metals ETCs offer investors a means of investing in physical metals without the necessity of taking delivery of physical metals, and to enable investors to buy and sell Elementum Metals ETCs on stock exchanges where they are listed for trading.
Yes. Elementum Metals ETCs are physically backed by the metals they are linked to.
The metal used to back Elementum Metals ETCs is held in secure vaults on behalf of the issuer Elementum Metals in locations in the United Kingdom, the Netherlands, and Switzerland.
Precious Metals are held in segregated allocated accounts.
Base Metals are held in segregated metal custody accounts.
The primary custodian is Eternyze AG based in Switzerland.
Precious metal can be identified by the custodian based on a combination of criteria:
the name of the refiner;
the serial number;
its year of manufacture;
its weight and/or;
its composition and purity (“assay”).
Base metal can be identified by the custodian based on a combination of criteria:
the name of the producer;
the lot number;
the bundle number;
the gross and net weight and/or;
the quality of the Metal.
Elementum Metals publishes a list of the specific bars of physical precious metals identified by their serial numbers (the “Bar List”) that are held in allocated accounts on www.elementummetals.com.
Elementum Metals publishes a daily list of the specific lots of physical base metals identified by their lot and bundle numbers (the “Lot List”) that are held in off-warrant accounts on www.elementummetals.com.
Precious metals are stored in secure vaults by The Brink’s Company, Switzerland.
Base metals are stored in secure vaults by Metaal Transport B.V., the Netherlands.
Precious metal held to back Elementum Metals ETCs meet the “Good Delivery” standards set by the London Bullion Market Association (the “LBMA”) in the case of gold and silver and the London Platinum and Palladium Market (the “LPPM”) in the case of platinum and palladium.
Base metals meet the quality standards set by the London Metal Exchange (the “LME”).
The quality assurance standards set out by the LBMA, LPPM, and LME all go a long way to ensuring high standards in the provenance of the metal. Investors are able to verify the bars of physical precious metals related to provenance of the specific bar of metal including the date and location where the metal was mined and smelted, transportation to and between vaults. Transparency empowers the investor to understand any environmental or social impact that the bar has had over its lifetime.
Whilst these standards place these ETC Securities at the forefront of responsible initiatives, there is no one-size-fits-all approach to ESG and SRI requirements. However, every measure has been taken to ensure that investors have the ability to make decisions for themselves as to whether these products meet their own standards.
Metal Entitlement is the amount of physical metal backing the ETC security. Metal Entitlement is reduced daily by a quantity of Metal equal to the Total Expenses Ratio (applying the per annum rate and dividing by 365).
In the case of gold, the amount is expressed in fine troy ounces rounded to three decimal places. In the case of silver, platinum and palladium, the amount is expressed in troy ounces rounded to three decimal places. In the case of Copper and Nickel, the amount is expressed in metric tonnes rounded to eight decimal places.
The Metal Entitlement for Elementum Metals ETCs is published on www.elementummetals.com on each Business Day.
Investors can buy and sell Elementum Metals ETCs on stock exchanges on which they are admitted to trading.
Elementum Metals ETCs are listed on London Stock Exchange (in USD and GBp), Borsa Italiana (in EUR), Xetra (in EUR).
The cash value is equal to the metal entitlement multiplied by the spot price of the relevant physical metal. This does not take into consideration the bid/offer spread on exchange.
The “spot price” of Precious Metals is based on an average of all the buy and sell offers in the market for that specific metal. The “spot price” Base Metal is the LME Cash Settlement Price, which is the last cash offer price for the relevant Base Metal during the day’s trading.
The spot price is published by the LBMA (for gold and silver) or the London Metal Exchange (LME) (for platinum, palladium, copper and nickel) on their websites.
All financial investments involve an element of risk. The value of Elementum Metals ETCs changes over time by virtue of the movements in the price of the underlying physical metal and an investor may not get back the full amount originally invested.
The price of Elementum Metals ETCs is a function of supply and demand amongst investors wishing to buy and sell and the bid/ask spread quoted by market-makers on the stock exchange.
The bid/ask spread will vary from time to time based on trading volume and market liquidity. The spread generally decreases if the ETC Securities have high trading volume and market liquidity, and increases if Elementum Metals ETCs have low trading volume, market liquidity and market volatility.
Copper, Nickel and EV metals ETCs have been fully redeemed as of 22nd May 2023. Nickel and EV melts investors have been fully reimbursed. Copper investors are being reimbursed this week. Final valuations are available here