Copper is a relatively common element in earth’s crust, however only a small fraction is commercially recoverable. Most copper is mined or extracted as copper sulphides ores such as chalcopyrite, bomite, covellite and chalcocite, from large open pit mines deposits that contain 0.4% -1.0% copper. Copper can also be found in small amounts as the native metal.
Copper has a vast array of applications spanning many market sectors. Data from Bloomberg Intelligence suggests that approximately 30% of copper demand is for the construction industry, another 30% is consumed by the equipment sector, 15% is consumed in infrastructure, 13% is consumed by the transportation sector and 12% is consumed by the industrial sector.
$8.21
Cash Value
184,051
Shares Outstanding
$1,510,727
Total AUM
| ETC Overview |
|---|
| Base CurrencyUSD |
| Currency HedgedNo |
| ISINXS2314659447 |
| Metals LendingNo |
| Physical DeliveryNo |
| Underlying ExposurePhysically backed with allocated metal subject to LME rules for Good Delivery |
| Vault/Warehouse InspectorInspectorate International |
| Vault/Warehouse LocationThe Netherlands |
| Cash Value and AUM24 Jun 2022 |
|---|
| Cash Value per ETC Security$8.2082 |
| Daily Change$-0.2951 |
| Daily Return-3.47% |
| Total AUM of ETC$1,510,727.42 |
| Shares Outstanding184,051 |
| Metal/Index Quantity182.44 tonnes |
| Metal/Index Entitlement0.0009912680 (0.001 at launch) |
| Metal/Index Price$8,280.50 |
| Structure |
|---|
| DomicileIreland |
| Replication MethodPhysical - metal backed |
| Legal FormDebt Security |
| Legal StructureETC |
| Further Legal and Tax Information |
|---|
| ISA & SIPPEligible |
| Sharia CompliantNo |
| Securities RegulatorCentral Bank of Ireland |
| UCITS EligibleEligible |
| UK Reporting StatusYes |
| Key Service Providers |
|---|
| CustodianAtomyze AG |
| TrusteeApex Corporate Trustees (UK) Limited |
| IssuerElementum Metals Securities plc |
| RegistrarThe Bank of New York Mellon, SA/NV |
| Fees |
|---|
| Total Expense Ratio0.85% |
| Entry / Exit FeesNone when traded on Exchange |
| Passported Countries | |
|---|---|
| Austria | Belgium |
| Denmark | Finland |
| Germany | Italy |
| Liechtenstein | Luxembourg |
| The Netherlands | Norway |
| Sweden | United Kingdom |
| Country | Exchange | Trading Currency | Exchange Ticker | ISIN | SEDOL | WKN | Bloomberg Ticker | Settlement Period | Reuters Instrument Code | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| Italy | Borsa Italiana | EUR | TCOP | XS2314659447 | TCOP IM | T+2 | TCOP.MI | 17/06/2021 | ||
| UK | LSE | USD | TCOP | XS2314659447 | BMYLVM1 | TCOP LN | T+2 | TCOP.L | 17/06/2021 | |
| UK | LSE | GBX | TCUS | XS2314659447 | BMYLVL0 | TCUS LN | T+2 | TCUS.L | 17/06/2021 | |
| Switzerland | SIX | CHF | TCOP | XS2314659447 | 112161508 | TCOP SW | T+2 | TCOP.S | 29/07/2021 | |
| Germany | Xetra | EUR | 0IIE | XS2314659447 | A3GQ0Q | 0IIE GY | T+2 | 0IIEG.DE | 26/08/2021 |
| Product |
|---|
| Month-To-Date-12.89% |
| 1m -11.81% |
| 3m -19.20% |
| 6m -13.95% |
| Year-To-Date-14.91% |
| 1 Year-12.03% |
| 2 YearN/A |
| Benchmark |
|---|
| Month-To-Date-12.84% |
| 1m -11.75% |
| 3m -19.03% |
| 6m -13.58% |
| Year-To-Date-14.56% |
| 1 Year-11.28% |
| 2 Year38.34% |
| Structure |
|---|
| Index NameSpot Copper LME specifications |
| Index ProviderLME |
| Index Constituent Count1 |
| CurrencyUSD |
| Bloomberg TickerLOCADY |
| Reuters Index TickerMCU2A0 |
| Index Websitehttps://www.lme.com |
Flow Traders B.V.
Jacob Bontiusplaats 9
1018 LL Amsterdam
the Netherlands
Website: https://www.flowtraders.com
Email: fit@flowtraders.com
Phone: +31 20799 6777 / +44 20 39864000
GHCO
5th Floor
5 Greenwich View Pl
London E14 9NN
United Kingdom
Website: https://ghco.co.uk/
Email:
Phone: +44 20 73903301
Jane Street
2 & A Half Devonshire Square
London EC2M 4UJ
United Kingdom
Website: https://www.janestreet.com
Email:
Phone: +44 20 3787 3200
Due to a restructuring of the Issuer where the Arranger and Metals Counterparty are being replaced, all primary and secondary market activity have been suspended as of Monday 25th April till further notice. Please see the official announcement here.
