With Copper Set To Drive The EV Revolution, This ETF Is The Only Pure-Play Fund Focusing On Junior Miners
Portfolio Pulse from Melanie Schaffer
The Sprott Junior Copper Miners ETF (NASDAQ:COPJ) is the only pure-play ETF focusing on small copper miners, who will be critical in supplying the mineral for EV batteries and clean energy infrastructure. The three largest holdings within COPJ are ERO Copper Corp. (NYSE:ERO), Hudbay Minerals Inc. (NYSE:HBM), and Ivanhoe Electric Inc. (NYSE:IE). The ETF is currently in a strong uptrend within a rising channel pattern.
July 26, 2023 | 7:27 pm
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POSITIVE IMPACT
COPJ is the only pure-play ETF focusing on small copper miners, who will be critical in supplying the mineral for EV batteries and clean energy infrastructure. The ETF is currently in a strong uptrend within a rising channel pattern.
The ETF is expected to benefit from the increasing demand for copper due to the energy transition. The ETF's strong uptrend suggests positive investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
ERO Copper Corp. is one of the three largest holdings within COPJ, weighted at 5.64%.
As one of the largest holdings within COPJ, ERO is likely to benefit from the ETF's strong performance and the increasing demand for copper.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Hudbay Minerals Inc. is one of the three largest holdings within COPJ, weighted at 5.46%.
As one of the largest holdings within COPJ, HBM is likely to benefit from the ETF's strong performance and the increasing demand for copper.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ivanhoe Electric Inc. is one of the three largest holdings within COPJ, weighted at 5.32%.
As one of the largest holdings within COPJ, IE is likely to benefit from the ETF's strong performance and the increasing demand for copper.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80