Sprott Asset Management has expanded its portfolio of critical materials-focused exchange-traded funds (ETFs) with the launch of the Sprott Copper Miners ETF. This unique ETF stands as the sole U.S. listed offering that provides investors with pure-play exposure to a broad range of copper mining companies, encompassing large, mid, and small-cap entities. These companies play a pivotal role in supplying copper, a critical mineral essential for the global transition to cleaner energy sources.
COPP is Sprott’s latest endeavor to cater to the growing demand for investment opportunities in the energy transition sector, complementing its existing Sprott Junior Copper Miners ETF, which debuted in February 2023. John Ciampaglia, CEO of Sprott Asset Management, emphasized the vital role of copper in achieving net-zero emissions by 2050 through initiatives like power grid expansions, renewable energy infrastructure development, and electric vehicle production. He noted the challenges investors face in gaining targeted exposure to the copper mining sector and expressed pride in offering a focused investment solution through COPP.
The ETF aims to mirror the performance of the Nasdaq Sprott Copper Miners Index (NSCOPP), which tracks a curated selection of global securities within the copper industry, including producers, developers, and explorers. This move comes at a time when the spot price of copper is closely monitored by investors, trading at $3.89 a pound as of the latest report, slightly below its year-ago level of $3.99 and its peak of $4.15 a pound on March 23, 2023.
In addition to COPP, Sprott’s suite of energy transition ETFs includes a variety of funds focusing on critical minerals necessary for cleaner energy production, transmission, and storage. This suite features ETFs dedicated to energy transition materials, uranium, lithium, and nickel, among others. Also part of Sprott’s offerings is the Sprott Physical Uranium Trust, which provides direct exposure to uranium and has seen its net asset value surge to over $5.0 billion since its inception in July 2021. 
