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.
Cash Value
Shares Outstanding
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 InspectorInspectorate International |
| Vault LocationThe Netherlands |
| Cash Value and AUM22 Jun 2021 |
|---|
| Cash Value per ETC Security$9.1888 |
| Daily Change$0.1478 |
| Daily Return1.63% |
| Total AUM of ETC$4,822,347.26 |
| Shares Outstanding524,806 |
| Metal Quantity524.71 tonnes |
| Metal Entitlement0.0009998128 (0.001 at launch) |
| Metal Price$9,190.50 |
| Structure |
|---|
| DomicileIreland |
| Replication MethodPhysical - bullion backed |
| Legal FormDebt Security |
| Legal StructureETC |
| Further Legal and Tax Information |
|---|
| ISA & SIPPEligible |
| Sharia CompliantUnder review |
| Securities RegulatorCentral Bank of Ireland |
| UCITS EligibleEligible |
| UK Reporting StatusPending |
| Key Service Providers |
|---|
| CustodianTokentrust AG |
| TrusteeApex Corporate Trustees (UK) Limited |
| IssuerRidgex Investments 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 | |
| Germany | Xetra | EUR | 0IIE | XS2314659447 | A3GQ0Q | 0IIE GY | T+2 | 0IIEG.DE | 29/06/2021 |
| Product |
|---|
| Month-To-Date0.00% |
| Year-To-Date (ytd)N/A |
| 1 YearN/A |
| 2 YearN/A |
| 3 YearN/A |
| 4 YearN/A |
| 5 YearN/A |
| Benchmark |
|---|
| Month-To-Date0.00% |
| Year-To-Date (ytd)0.00% |
| 1 Year55.90% |
| 2 Year54.70% |
| 3 Year34.94% |
| 4 Year59.17% |
| 5 Year93.61% |
| Structure |
|---|
| Index NameSpot Copper LME specifications |
| Index ProviderLME |
| Index Constituent Count1 |
| CurrencyUSD |
| Bloomberg TickerLOCADY |
| Reuters Index Ticker |
| Index Websitehttps://www.lme.com |
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