Norilsk Nickel launches physically-backed copper and nickel ETCs


Two new exchange-traded commodities (ETC) have been launched in Germany on the Xetra exchange that offer investors low-cost access to copper and nickel.

The products are physically-backed, which issuer The Global Palladium Fund (GPF) claims is a first for the metals, while the ETCs also use blockchain technology, another first claimed the fund.

Both the copper and nickel ETCs will track the spot price of the metals, with the metal backing the ETCs stored in warehouses in Rotterdam.

Prices are an all-in 0.85% and 0.75% for the copper and nickel ETCs respectively, with the aim to give investors a way to invest two of the key metals in the ongoing clean energy revolution.

The copper and nickel metals for the ETCs are sourced from MMC Norilsk Nickel and other producers and metal suppliers that comply with the Sustainable Development Goals of the UN 2030 Agenda.

GPF now has six metal-backed ETCs with the launch of these two latest products covering gold silver, platinum and palladium as well as copper and nickel.

The fund, which was established by MMC Norilsk Nickel, said the use of blockchain technology will provide investors with enhanced transparency and security in their metal ETCs by recording bar information into distributed ledger technology.


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