Betashares Energy Transition Metals ETF (ASX: XMET) is available now on the ASX.
XMET provides exposure to a portfolio of global companies in the Energy Transition Metals (‘ETMs’) industry. ETMs are raw materials that are essential to the transition to a less carbon-intensive economy.
XMET provides exposure to global producers of copper, lithium, nickel, cobalt, graphite, manganese, silver and rare earth elements.
The transition from fossil fuels to clean energy solutions is driving growth in a range of disruptive products and processes such as renewable energy generation, battery storage solutions, and electric vehicles, all of which are critically dependent on a select group of energy transition metals (ETMs).
ETM producers are expected to benefit from several long-term structural tailwinds, including increased demand driven by the shift to a low-carbon global economy, constrained global supply, and a lack of viable substitutes for these materials.