HANetf Head of Research Tom Bailey visits the Proactive London studio to speak with Thomas Warner about the Sprott ESG Copper Miners UCITS ETF. Bailey explains that the new ETF offers investors exposure to copper miners in an environmentally and socially responsible manner.
The ETF is significant due to copper's growing importance in the global economy, especially in renewable energy and decarbonisation efforts. For instance, electric vehicles use over twice the amount of copper compared to conventional cars.
Additionally, renewable energy sources like wind and solar power require more copper than traditional coal or gas-fired power plants. Bailey highlights the expected surge in copper demand for green uses and says the ESG aspect of the ETF ensures investment in copper miners that avoid activities like coal production, aligning with investor preferences for sustainable investments.
He describes the Sprott ESG Copper Miners ETF as more than just a sustainable investment option, saying that it represents a growth opportunity in the mining sector, given the anticipated rise in copper demand linked to global economic trends. It is listed on the London Stock Exchange under the ticker CVPR and will also be available in Milan and Frankfurt.
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