Europe’s first ETF providing ESG exposure to copper miners.
Our Partner
Pure-play exposure
The Copper Miners ETF offers pure play exposure to copper mining companies. Exclusive focus on the upstream opportunity offered by copper miners, which stand to benefit from anticipated long-term global energy transition trends.
Positioned to benefit from the energy transition
Copper is essential to the global energy transition. It’s used in every aspect of power grids, across the machinery required for clean energy and in each electric vehicle manufactured.
Seeks to take advantage of supply/demand imbalance
The copper miners ETF invests in copper miners that are likely poised to capitalise on the rising demand for copper amid constrained supplies.
Upstream opportunity
Copper miners are upstream in the supply chain, and could stand to benefit from infrastructure buildout and electricfication.
The supply/demand imbalance
Copper miners are likely poised to capitalise on the rising demand for copper amid constrained supplies.
Sprott Pure Play Copper Miners UCITS ETF (CPPR) provides ESG exposure to copper miners.
Copper is a raw material that is essential to the transition to a less carbon-intensive economy. Copper is critical for the energy transition from fossil fuels to cleaner energy sources and technologies, and for the purpose of this index includes copper producers, developers and explorers.
The copper miners ETF tracks the Nasdaq Sprott Copper Miners Screened Index (NSCOPE), which is designed to track the performance of a selection of securities in the copper industry.
Key Risks
Thematic ETFs are exposed to a limited number of sectors and thus the investment will be concentrated and may experience high volatility. Investors’ capital is fully at risk and may not get back the amount originally invested. Exchange rates can have a positive or negative effect on returns. The value of equities and equity-related securities can be affected by daily stock and currency market movements. When you invest in ETFs, your capital is at risk. For a complete overview of all the risks, please refer to the “Risk Factors” in the Prospectus.
Source: HANetf, data as of 31.08.2026. Please note that all performance figures are showing net data. Performance before inception is based on back-tested data. Back-testing is the process of evaluating an investment strategy by applying it to historical data to simulate what the performance of such a strategy would have been. Back-tested data does not represent actual performance and should not be interpreted as an indication of actual or future performance. Past performance for the index is in USD. Past performance is not an indicator for future results and should not be the sole factor of consideration when selecting a product. Investors should read the prospectus of the Issuer (“Prospectus”) before investing and should refer to the section of the Prospectus entitled “Risk Factors” for further details of risks associated with an investment in this product. If fund is less than 12 months old, YTD field will be calculated since inception. When you invest in ETFs your capital is at risk.
No. of holdings: 40
Data as of 31st March 2025. The figures shown relate to past performance. Past performance is not a reliable indication of current or future results. Maximum on-loan figure may increase or decrease over time. With securities lending there is a risk of loss should the borrower default before the securities are returned, and due to market movements, the value of collateral held has fallen and/or the value of the securities on loan has risen.
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Companies are screened to identify their exposure to copper, and are ESG-screened. The copper miners ETF tracks the Nasdaq Sprott Copper Miners Screened Index (NSCOPE) is rebalanced semi-annually.
Copper miners exposure means investing in companies involved in extracting, processing or producing copper. Rather than holding the metal directly, this type of exposure is linked to the businesses that mine copper and may include companies with operations across exploration, development, production and refining. Performance is therefore influenced not only by the copper price, but also by company-specific factors such as production volumes, operating costs, reserves, balance sheets, project execution and local regulation.
Copper is important to the energy transition because it is highly conductive and widely used in electricity networks, renewable power infrastructure, electric vehicles, batteries and charging systems. As economies electrify, demand for copper is supported by the need to transmit, store and use more electricity. Investors researching this theme often look at copper as a potential structural demand story, but demand can still be cyclical and sensitive to global growth, industrial activity and policy support.
Copper miners differ from physical copper exposure because they provide exposure to companies rather than the commodity itself. Physical copper exposure is more directly linked to movements in the copper price, while copper mining companies may rise or fall by more or less than copper depending on margins, costs, production growth, project risks and investor sentiment. Miners can offer operational leverage to copper prices, but that also means they may carry higher equity-market and company-specific risks.
Copper mining companies are typically driven by copper prices, production levels, operating costs, reserve quality, capital expenditure, currency movements and management execution. When copper prices rise and costs remain controlled, miners may see stronger margins. However, cost inflation, labour disruption, permitting delays, falling ore grades or weaker demand can weigh on profitability. Broader equity-market conditions also matter, because listed miners are shares and can be affected by risk appetite, interest rates and sector rotation.
Copper supply matters because new mines can take many years to develop and existing mines may face declining ore grades, rising costs or regulatory hurdles. If demand grows faster than supply, copper prices may come under upward pressure. However, higher prices can also encourage new investment, substitution, recycling or additional production over time. Investors should understand that supply constraints may support the long-term investment case, but they do not remove short-term price volatility.
Copper miners make money by extracting copper from the ground and selling it into global markets, usually at prices linked to prevailing copper benchmarks. Their profitability depends on the difference between selling prices and production costs. Key cost factors include energy, labour, equipment, transport, water usage, royalties and sustaining capital expenditure. Some miners also produce other metals, such as gold, silver or molybdenum, which can affect revenue mix and reduce or increase sensitivity to copper prices.
Diversified miners produce a range of commodities, while pure-play copper miners derive a larger share of their revenue from copper. Pure-play miners may offer more focused exposure to copper price trends, but they can also be more sensitive to copper-specific risks. Diversified miners may have broader revenue streams across iron ore, coal, gold, nickel or other materials, which can reduce direct copper sensitivity. Methodology matters because the level of copper revenue exposure can significantly affect how closely an investment tracks the copper theme.
Index methodology matters because it determines which companies are included, how they are weighted and how closely the exposure reflects the copper mining theme. Some approaches may favour larger, more liquid mining companies, while others may prioritise companies with higher copper revenue exposure. Weighting rules, revenue screens, liquidity filters and rebalancing frequency can all affect concentration, volatility and sensitivity to copper prices. Investors should review the methodology to understand whether the exposure is broad or more concentrated. To find out more about the fund’s methodology see the Prospectus.
Relevant copper mining stocks may include diversified miners, pure-play copper producers, developers and companies with major copper assets. Examples include BHP, Ivanhoe Mines, Antofagasta, Anglo American, Southern Copper, Teck Resources, Minsur, Sandfire Resources and First Quantum Minerals. These companies can be influenced by copper prices, mine production levels, reserve quality, operating costs, jurisdictional risk and capital expenditure requirements. Investors researching copper exposure should also consider whether a company is primarily copper-focused or diversified across other commodities. This matters because diversified miners may offer broader balance-sheet resilience, while more focused miners can be more sensitive to copper-specific supply and demand dynamics.
Disclaimer: These FAQs have been generated with the assistance of AI and may contain errors or omissions. They are provided for general information only and do not constitute investment advice, a recommendation, or an invitation to buy or sell any investment.
Explore our expert-written monthly fund reports, periodic reviews, and key insights on the copper miners ETF
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Copper’s new supercycle | Fresh highs and the long-term story
Energy Transition: The Metal Elephant in the Room
January 2024
Copper Miners ETF Report | September 2026
Copper Miners ETF Report | August 2026
Copper Miners ETF Report | May 2026
May 2026
Copper Miners ETF Report | January 2026
January 2026
Copper Miners ETF Monthly Report | October 2025
October 2025
Copper Monthly Report | June 2025
June 2025
ESG Copper Miners ETF Report | April 2025
April 2025
Copper Monthly Report | March 2025
March 2025
Copper Monthly Report | January 2025
January 2025
Energy Transition Materials ETF Report | August 2024
August 2024
Energy Transition Materials ETF Report | July 2024
July 2024
Energy Transition Material ETF Report | June 2024
Energy Transition Materials ETF Report | Mar 2024
March 2024
Energy Transition Materials ETF Report | Feb 2024
February 2024
Thematic & Digital Assets Review | H2 2024
September 2024
Thematic & Digital Assets Review | H1 2024
Thematic Matters | COP27: Climate change and sustainable investing
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G.A.I.N – The four key demand drivers of copper
Copper markets, Tariffs and the Supply Deficit – An Interview with Sprott Asset Management
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About Partner
Sprott Asset Management LP (“SAM”) is a fully owned subsidiary of Sprott Inc. (“Sprott”). Sprott is a global asset manager providing clients with access to highly differentiated precious metals and critical materials investment strategies. We are specialists; we believe our in-depth knowledge, experience and relationships separate us from the generalists.
Sprott’s specialized investment products include innovative physical bullion and commodity trusts, managed equities and mining ETFs. Sprott has offices in Toronto, New York, Connecticut and California and the company’s common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol “SII”. For more information, please visit www.sprott.com
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