Add Voltage to Your Portfolio
COPP and COPJ
Pure-Play Exposure to Copper Miners
Copper is no longer just an industrial metal. The “red” metal is a strategic asset driving the the next era of global growth. Sprott Copper Miners ETF (Nasdaq: COPP) and Sprott Junior Copper Miners ETF (Nasdaq: COPJ) provide pure-play1 exposure to copper miners as structural demand becomes an increasingly important driver of the market.
| Sprott Copper Miners ETF | Sprott Junior Copper Miners ETF | |
|---|---|---|
| Ticker | COPP | COPJ |
| Asset Class | Copper Mining Equities & Physical Copper | Junior Copper Mining Equities |
| Key Feature | Pure-Play Copper ETF: A U.S.-listed Copper ETF focused on copper miners and physical copper | Pure-Play Junior Copper ETF: The only2 pure-play ETF focused on small copper miners, selected for their potential for significant revenue and asset growth |
| Inception Date | 3/5/2024 | 2/1/2023 |
| Total Net Assets (USD)3 | $285.7 Million | $150.9 Million |
| Management Fee4 | 0.65% | 0.75% |
| Other Expenses | 0.00% | 0.00% |
| Other Acquired Fund Fee and Expenses5 | 0.01% | N/A |
| Total Annual Fund Operating Expenses5 | 0.66% | 0.75%5 |
1 The term “pure-play” relates directly to the exposure that the Fund has to the total universe of investable, publicly listed securities in the investment strategy.
2 Based on Morningstar’s universe of Natural Resources Sector Equity ETFs as of 6/30/2026.
3 AUM data as of 6/30/2026.
4 As of the most recent prospectus. Visit sprottetfs.com for the latest prospectus. Reflects Total Annual Operating Expenses as outlined in the most recent prospectus. For the services the Adviser (Sprott Asset Management USA, Inc.) provides to the Fund, the Adviser is entitled to receive an annual advisory fee from the Fund calculated daily and paid monthly at an annual rate of 065% of net assets for Sprott Copper Miners ETF and 0.75% for Sprott Junior Copper Miners ETF.
5 Acquired Fund Fees and Expenses are the indirect costs of investing in other investment companies. The operating expenses in this fee table do not correlate to the expense ratio in the Fund’s financial highlights because the financial statements include only the direct operating expenses incurred by the Fund.
Rethinking Copper
Copper’s traditional role as “Dr. Copper” is diminishing. No longer just a simple barometer of global growth, copper has moved to the center of how the world is being built, powered and connected, and is increasingly driven by unprecedented demand from:
- Electrification and grid expansion
- AI and data center growth
- Energy transition and defense
Source: S&P Global, January 2026.
Supply Isn’t Keeping Up
Copper demand is accelerating and supply can’t keep pace.
- New mines take ~17 years to develop
- Investment and permitting challenges persist
- Structural deficits are emerging
Forecast: A projected 28 million metric ton annual supply gap by 2050.
Why this Matters?
Tight supply + rising demand = a powerful setup for copper prices and copper miners.
Source: BloombergNEF Transition Metals Outlook 2025. The line represents demand and the shaded area represents supply. Demand is based on a net-zero scenario, i.e., global net-zero emissions by 2050 to meet the goals of the Paris Agreement. Included for illustrative purposes only.
Copper Miners: Amplified Exposure to a Critical Growth Trend
Copper miners have historically outperformed physical copper during rising markets, providing investors with leveraged exposure to higher copper prices.
- Compelling returns relative to spot copper, broad commodities and U.S. equities
- Strong profitability and cash flow support earnings growth
- Trading at an approximate 49% discount to the S&P 500
Strong Fundamentals. Attractive Valuations.
The market may still be underpricing copper miners’ long-term earnings potential.
Source: Bloomberg. Data as of 6/30/2026. The copper spot price is measured by the LME Copper Cash ($), Bloomberg ticker LMCADY. Copper Global Copper Miners Index. Bloomberg ticker SOLGLOCO Index. You cannot invest directly in an index. Past performance is no guarantee of future results.
Harness the Pure-Play, Upstream Opportunity
Focused copper exposure is the core advantage of a pure-play strategy. We target upstream companies with at least 50% of revenue or assets in copper mining, development or exploration.
Other strategies often include companies with minimal copper exposure or downstream companies, creating unintended exposure for investors.
The Pure-Play Advantage
Because they are focused primarily on producing copper, pure-play miners are positioned to benefit from:
- Growing structural supply deficit
- Increased investment flows
- Higher expected copper prices
Access the Coppertunity with Sprott ETFs
Copper powers electrification, AI infrastructure and the energy transition. Copper miners may offer one of the most compelling ways to invest in that growth.
The Sprott Copper Miners ETF (Nasdaq: COPP) is the only copper ETF focused on copper miners and physical copper, alongside the Sprott Junior Copper Miners ETF (Nasdaq: COPJ), which provides pure-play exposure to small copper miners.
Important Disclosures & Definitions
An investor should consider the investment objectives, risks, charges, and expenses of each fund carefully before investing. To obtain a fund’s Prospectus, which contains this and other information, contact your financial professional, call 1.888.622.1813 or visit SprottETFs.com. Read the Prospectus carefully before investing.
Exchange Traded Funds (ETFs) are considered to have continuous liquidity because they allow for an individual to trade throughout the day, which may indicate higher transaction costs and result in higher taxes when fund shares are held in a taxable account.
The funds are non-diversified and can invest a greater portion of assets in securities of individual issuers, particularly those in the natural resources and/or precious metals industry, which may experience greater price volatility. Relative to other sectors, natural resources and precious metals investments have higher headline risk and are more sensitive to changes in economic data, political or regulatory events, and underlying commodity price fluctuations. Risks related to extraction, storage and liquidity should also be considered.
Shares are not individually redeemable. Investors buy and sell shares of the funds on a secondary market. Only “authorized participants” may trade directly with the funds, typically in blocks of 10,000 shares.
The Sprott Rare Earths Ex-China ETF and the Sprott Active Metals & Miners ETF are new and have limited operating history.
Sprott Asset Management USA, Inc. is the Investment Adviser to the Sprott ETFs. ALPS Distributors, Inc. is the Distributor for the Sprott ETFs and is a registered broker-dealer and FINRA Member. ALPS Distributors, Inc. is not affiliated with Sprott Asset Management USA, Inc.
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