Alternative Investments/ESG: Global X Launches Green Metals ETF In Australia

Green metals are those that are required for the energy transition, namely lithium, copper, nickel, rare earths and cobalt.

Global X ETFs Australia, which is a part of international investment manager Mirae Asset Financial, has launched the Global X Green Metal Miners ETF (ASX: GMTL). The new ETF provides investors with exposure to international companies producing critical metals for clean energy infrastructure and technologies, including lithium, copper, nickel, rare earths and cobalt. These are all minerals used extensively in the production, transmission and storage of renewable energy, and which will be instrumental in worldwide efforts to fight global warming as governments and companies alike strive to reach net-zero carbon emissions by 2050. (

Global X Green Metal Miners ETF (ASX: GMTL)

The new ETF will track the BITA Global Green Energy Metals Index, which includes companies that earn more than 50% of their revenue from mining or producing green metals.

If all climate pledges are honoured, demand for clean energy technologies backed by green metals could quadruple by 2040, according to the International Energy Agency. Revenue from green metal mining and production is set to outpace coal well before 2040.

There is therefore a growing investment opportunity in the mining industry as the world embraces clean energy. In fact, building clean energy technology – such as electric cars, offshore wind turbines and solar farms – requires far more metal than fossil fuel alternatives.

Due to potential imbalances in the demand and supply of these critical metals, it is the view of Global X that mining companies of energy transition metals could likely enjoy much higher valuations in future.

The ETF also includes an ESG screen that excludes businesses which do not meet sustainability standards. It charges an annual management fee of 0.69%.


“Demand for green metals is soaring around the globe and promises to intensify as climate change initiatives become more ambitious,” Global X head of investment strategy Blair Hannon said. “The investment opportunity lies in the market dislocation of critical minerals over the medium to longer term – with demand set to outpace supply and spark higher commodity prices.”

Related Story: Thematic ETF From Global X Targets Disruptive Materials

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
Digital Assets: Mike Novogratz Hits Out At Sam Bankman-Fried, Calls For His Prosecution
December 2, 2022     Digital Assets, News

Mike Novogratz, the billionaire CEO of Galaxy Digital (TSE: GLXY), was unequivocally critical about Sam Bankman-Fried’s virtual New York Times (NYT) Dealbook Summit interview. “I’m hoping that the authorities get…
FinTech: Monzo To Turn Profitable In 2023, Says CEO
December 2, 2022     FinTech, News

“We will be profitable in the next financial year,” TS Anil said at the summit on Thursday, though Monzo reported pre-tax losses of £119mn for the 12 months to the…
Artificial Intelligence: OpenAI Launches ChatGPT, A New Conversational AI System
December 2, 2022     Artificial Intelligence, News

OpenAI has unveiled ChatGPT, a new AI system that interacts in a conversational way. As part of a dialogue format, ChatGPT answers followup questions, admits its mistakes, challenges incorrect premises,…
Artificial Intelligence: Monarch’s Electric, Driver-Optional, Smart Tractor Now In Commercial Production

Monarch Tractor has rolled out the first production model of the MK-V tractor that combines electrification, automation, and data analysis to help farmers reduce their carbon footprint, improve field safety,…