Cuprum Assets
Direct ownership of physical copper
Direct ownership of allocated physical refined copper with the ability to hold, sell or take delivery.
The full terms, stated plainly
- What you own
- A specific lot of refined copper
- Ownership instrument
- Warehouse receipt
- Price risk
- Borne by the investor — no hedge
- Storage fee
- Annual, on prior-year LME average (to be confirmed)
- Exit
- Sell via ALCUM, take delivery, or hold
- Access
- KYC onboarding · governing agreements
How ownership works
Cuprum Assets is direct ownership of a specific, individualised lot of refined copper — not a financial instrument or a structured product. You own the metal throughout and carry its price.
- 1
Place a binding order
You place a binding order and pay. ALCUM sources the copper — buying refined metal directly, or buying scrap and refining it.
- 2
The lot is allocated to you
The refined copper is individualised to you and a warehouse receipt is issued. From that point you own the specific lot and bear its price risk — there is no hedge.
- 3
Hold or take delivery
You can hold the metal against an annual storage fee, or take physical delivery of your lot, subject to the governing agreements.
- 4
Sell and receive proceeds
On your sell instruction, ALCUM arranges the sale and remits the net proceeds — the sale price less purchase cost, commission, transport and storage.
What you are — and are not — exposed to
Cuprum Assets is unhedged: you carry the full copper price movement, up and down. The metal is held under ALCUM’s legal ownership framework and independently inspected, but realised value depends on the price at which your lot is ultimately sold.
- Copper price risk is borne in full by the investor — there is no product-level hedge.
- Custody, storage and logistics risk on the physical lot.
- Liquidity depends on arranging a sale; realisation is at the achievable market price.
- Jurisdiction restrictions and KYC onboarding apply; access follows the governing agreements.
A blockchain version of Cuprum Assets is planned. Storage-fee basis and full terms are subject to the Purchase and Custody Agreements.
Ready to subscribe?
Registration and verification take a few minutes. At launch, this opens directly into the Investor Portal.
Investment involves risk, including possible loss of capital. Past performance is not indicative of future results. Cycle durations and results vary. Availability differs by jurisdiction. Full risk factors and legal documentation are available in the documentation.