Over the last four decades, Sprott Asset Management has established itself as a trusted global asset manager. Amongst the company’s most compelling products is its Junior Copper Miners ETF COPJ. Listed on the NASDAQ, COPJ invests in small, exploration and development-stage copper miners with the potential for revenue and asset growth.
Copper is an essential component of much of the technology that comprises the modern world. The metal is an excellent conductor of electricity and therefore is used in all sorts of applications that require power transmission.
In the ongoing transition of the global energy landscape, copper is a critical metal. It’s used in electric vehicles, wind turbines and solar panels, amongst other applications. And according to research by BloombergNEF, copper demand may increase by 58% by 2040, making the development of new copper mines essential.
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