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Nornickel’s Global Palladium Fund lists world’s only physically backed copper and Nickel ETCs on Swiss stock exchange

  • Both metals have an important role to play in the transition to clean energy and zero carbon economies
  • Most competitive TERs in the European marketplace and strong ESG credentials
  • First ETC provider to use blockchain technology to provide investors with greater transparency and security

The Global Palladium Fund (GPF), established by MMC Norilsk Nickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, has today (29 July 2021) listed the world’s only physically-backed copper and nickel Exchange Traded Commodities (ETCs) on the Swiss Stock Exchange (SIX). 

They are attractively priced with annual total expense ratios (TERs) of 0.85% and 0.75% respectively, making them the most cost-effective way for European-based investors to achieve exposure to the metals through an exchange traded product, as they seek to take advantage of the energy transition megatrend.  Copper and nickel are two of the minerals that will feature prominently in the transition to clean energy as highlighted by the International Energy Agency in their recent report, The Role of Critical Minerals in Clean Energy Transitions.[1]

Targeting family offices, wealth managers, institutional and other similar professional investors, the new physically-backed copper and nickel ETCs will track the spot price of the metals.  The metal backing GPF ETCs is stored in secure warehouses in Rotterdam.  All six of GPF’s physically-backed, low-cost metal ETCs which also gold, silver, platinum and palladium are now listed on SIX.  

GPF is the first ETC issuer to use Blockchain technology to provide investors with enhanced transparency and security in their metal ETCs by recording bar information into distributed ledger technology.

As outlined in the issuing prospectus, the copper and nickel backing the ETCs is sourced from MMC Norilsk Nickel and other producers and metal suppliers which have confirmed their compliance with the Sustainable Development Goals of the UN 2030 Agenda and other global initiatives in sustainable development and responsible mining.  GPF is the only major ETC issuer to make such a pledge.

To strengthen ETC investor security, GPF uses IBM’s Hyperledger Blockchain in the custody chain of the metal.   This is in addition to the traditional processes used by the custodian, enhancing the transparency and accountability of the issuer.  By recording bar and cathode information on the blockchain, it provides clear ownership and an immutable custody chain for investors using the ETCs.

Alexander Stoyanov, Chief Executive Officer of GPF said: “Today’s listings mean that an even wider group of investors can now invest in physical copper and nickel and benefit from the low price of our ETCs, enhanced transparency and security and sustainable supply source. Both metals not only play an important role in the growth of green technologies and energy but also help to strengthen risk-adjusted returns in a diversified investment portfolio.”

Notes to editors

Sustainably sourced

Good Delivery Rules’ set by LBMA, LPPM, and LME for precious and base metals are universally acknowledged as the de facto international standard for due to the strict criteria that apply to responsible mining operations and protection of human rights.

LBMA established the Responsible Gold Guidance for Good Delivery Refiners that follows the five-step framework due diligence of the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals.

Global Palladium Fund

The Global Palladium Fund was created to make the world’s precious, base and rare-earth metals accessible to everyone and to advance the development of world-changing technologies in essential areas such as aerospace, electronics, and the automotive. We care about our planet deeply and stand ready to ensure that its resources are spent wisely where they are needed most.

GPF is proud to be supported by Nornickel. Its products are in high demand across the globe and it has operations in the Russian Far North, Finland and South Africa. 

GPF ETCs listings

ETCLSE Ticker (USD)LSE Ticker (GBP)Xetra Ticker (EUR)Borsa Italiana (EUR)SIX (CHF)
GPF Physical Copper ETCTCOPTCUSTBCTCOPTCOP
GPF Physical Nickel ETCTNIKTNISTBCTNIKTNIK
GPF Physical Gold ETCTGLDTAUS0IIATGLDTGLD
GPF Physical Silver ETCTSLVTAGS0IIBTSLVTSLV
GPF Physical Palladium ETCTPALTPDS0IIDTPALTPAL
GPF Physical Platinum ETCTPLTTPTS0IICTPLTTPLT

Capital at risk

NTree

NTree provides sophisticated investors with an education, advisory, and distribution service to access global commodities through a range of active and passive funds.  It will promote the GPF ETCs, providing investors with relevant and current information on metals so that they can make informed investment decisions.

www.ntree.co.uk / www.metal.digital (for commodity-focused material)


[1] International Energy Agency, The Role of Critical Minerals in Clean Energy Transitions, May 2021