ETF Metals Commodities are part of a "Commodities" line-up of Funds by 'Smart beta'
In the category, Broad Commodities Futures ETFs are invested in a wide range of commodity futures and other derivative instruments
Alternative specialized Commodities themes focus on agriculture, precious metals and energy
Strong interest in this cross-section of metals ETFs, covering base metals, steel, copper and a range of 'transition materials' driven by electrification (electrical vehicles, data centers...)
For complementary themes, view:
Lithium Abondance is a wide-ranging theme of the industry
Cobalt Demand 2020-2025 reviews cobalt miners, worldwide, some of which are deeply affecte by geopolitical uncertainties in Russia and also in China;
Green Economy - Metals ETFs presents a cross-section of funds invested in cobalt, lithium and rare earths
The electrical vehicles (EVs) battery components (cobalt, lithium and nickel) are on a strong growth trajectory
- Industrial demand is boosted across the developed world
- Russia's isolation from global trade impacts supply
Steel producers have to manage geopolitical uncertainty - up to 2022, Russian coal accounted for roughly 30% of European metallurgical coal imports, an essential ingredient - sourced from Australia, Columbia and the U.S. since 2023
Perhaps most critically, dependency of the developed world on titanium supplies out of Russia (13% of world production) and Ukraine (3%) will come to the fore; of $761M Russian exports, in 2024, Germany (50%), France (18%) and China (12%) were the main destinations
Russia supplies about 10% of the world's nickel and Russia's Nornickel is the world's biggest supplier of high purity Class I battery-grade nickel at 15%-20% of global supply, according to JPMorgan analyst Dominic O'Kane as cited by Reuters - with sanctions on Western markets, exporters pivoted to China ($718 M and 60% of total in 2024) - in global production of refined nickel, Russia ranks third behind Indonesia and China
At $12 billion, the U.S. stockpiling of critical minerals - announced on February 2, 2026 - caps a flurry of White House and legislative initiatives designed to bolster US economic and national security aiming to offset what policymakers view as Chinese manipulation of prices for lithium, nickel and rare earths