10.14000 USD
0.01
0.10%
Last update Dec 12, 1:44 PM EST
Market closed
Day range
10.060000
10.5
Previous close
10.15000
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Sprott Physical Copper Trust
10.14
0.01
0.10%

Overview

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Description

Sprott Physical Copper Trust is an investment vehicle designed to offer investors direct exposure to the physical copper market. Its primary function is to invest in physical copper, providing a secure and cost-effective means to gain exposure to the commodity without the complexities of direct physical ownership. Copper is a critical industrial metal with applications in electrical equipment, construction, power generation, and transportation, making it a vital component of the modern economy and industrial sectors globally. The Trust holds copper in secure facilities, ensuring safety and integrity while reflecting real-time price movements in the copper market. In the financial landscape, Sprott Physical Copper Trust serves an important role for those seeking to diversify portfolios with tangible asset-backed products, particularly as copper continues to be crucial in renewable energy technologies like electric vehicles and battery storage. This Trust provides transparency and accountability, and is part of Sprott's extensive lineup of physical commodity trusts, underscoring its importance in commodities investment.

About

Address
200 Bay Street
Suite 2600
Toronto, M5J 2J1, ON
Canada
Phone
416 943 8099
Website
Instrument type
Closed-end fund
Country
United States
MIC code
PINX
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