Alcum🇨🇭

From scrap to refined copper.
Industrial infrastructure for purchasing, processing, and storing physical copper with digital accounting.

[Alcum🇨🇭 @AlcumOfficial]

@Sindirella0011 Hello

[Alcum🇨🇭 @AlcumOfficial]

@ChainChaserVN Hi 👋 let foll0w you 🔔

[Alcum🇨🇭 @AlcumOfficial]

@Nitya_4u Hello

[Alcum🇨🇭 @AlcumOfficial]

Mixed-grade secondary copper materials, stored under controlled conditions, waiting to be processed into refined metal. This is what our partner warehouse in Valencia looks like.

This is the starting point of the industrial cycle that the Alcum protocol is built around. Before the smelting, before the refining, before the NAV calculation.

[Vault Summit @Vault__Summit]

Watch Vault Summit NYC live:
https://t.co/jOTL8f8Aff

[Alcum🇨🇭 @AlcumOfficial]

This May, our team had the privilege of attending the 2026 Global Renewable Metal Industry Chain Summit in Tokyo. It’s one of the most significant gatherings in the renewable metals space, bringing together over 600 delegates, 50+ speakers, and industry leaders from across the globe.

Our Chief Legal and Structuring Officer, Justas Pangonis, had the opportunity to speak with the Shanghai Metals Market team, sharing the story of Mirada Levante's eight years of operations, our copper recycling and export activities, and the role ALCUM plays in making participation in that industrial cycle more accessible.

We came to expand our network of partners and buyers across Asia, and to deepen our presence in markets where demand for high-quality refined copper is growing rapidly. We are grateful to say we met those goals, and even more.

A sincere thank you to the summit’s team for organizing an event, and to everyone we had the chance to connect with in Tokyo. We look forward to continuing the conversations!

[Alcum🇨🇭 @AlcumOfficial]

For most of financial history, exposure to commodities was either deeply inconvenient or deeply incomplete. You could own the real thing, or you could own a financial product that tracked it, and accept that you were never actually touching the underlying asset.

Every attempt to solve it introduced a new limitation. Here's what that looked like in practice:

🔹 Physical ownership delivers full exposure to the asset and its industrial reality. But a standard copper lot is 25 tonnes.

🔹 ETFs democratized access. For the first time, anyone could add copper or oil to a portfolio without a warehouse. But an ETFs only track a price.

🔹 Futures brought more direct exposure and genuine hedging utility. But rollover costs, margin requirements, and contract expiry create friction that works against long-term holders.

🔹 RWA tokenization approaches the problem from a different starting point. Fractional access replaces minimum lot sizes. On-chain settlement ensures a continuous audit trail. And the structure can reflect price exposure and the value created by an actual industrial cycle.

[Alcum🇨🇭 @AlcumOfficial]

Who's actually buying copper in 2026?

You may not know this, but four major industries need more copper than the world can currently produce. And none of them are willing to wait.

Want to learn more? Read the full story on the images attached to this post

[Alcum🇨🇭 @AlcumOfficial]

Read the full article here ✔️
https://t.co/9Zk7ZP4YBd

[Alcum🇨🇭 @AlcumOfficial]

The copper supply gap is forming right now. TheStreet just published a full breakdown of what's driving it, and our COO, Vytautas Mackonis, weighs in on what it means for the market.

[Alcum🇨🇭 @AlcumOfficial]

In April 2026, the copper market presents institutional observers with a clear-cut analytical challenge: separating near-term price volatility from a long-term structural thesis that has only strengthened over the past 18 months.

➡️ The near-term picture is complicated

LME copper is trading near $12,250/mt (down from a January 2026 peak, but still up more than 30% year-over-year). Goldman Sachs has flagged a potential 2026 surplus of roughly 300,000 mt, with prices potentially drifting toward $11,200 by year-end.

That near-term caution is analytically legitimate. Yet it doesn't change the longer arc.

➡️ Three institutions, one conclusion

Goldman's own long-term desk maintains a $15,000-per-tonne price target for 2035. The bank's analysts argue that grid and energy infrastructure will account for 60% of global copper demand growth through 2030.

Trafigura's chief economist was direct: "We already have a 5M tonne deficit gap by 2030."

The IEA's Global Critical Minerals Outlook 2025 identifies a potential 30% copper supply shortfall by 2035, driven by declining ore grades, rising capital costs, limited new discoveries, and long lead times.

➡️ The supply response problem

The supply cannot respond to price signals within the relevant timeframe. Annual demand growth is already requiring the equivalent of one new major mine every year.

➡️ Three characteristics make copper distinct from a standard commodity cycle position:

Demand inelasticity: EV mandates, grid targets, and AI infrastructure buildouts are policy-committed and don't pause in downturns.

Supply irreversibility: the gap forming in the late 2020s cannot be closed by current price levels within the window.

Geopolitical concentration: China controls 45% of global refining capacity, creating supply security risks that Western governments are actively hedging.

The near-term volatility in copper markets in 2026 and the longer structural thesis are both real. For allocators assessing exposure to real assets with multi-year structural support, understanding the difference between near-term volatility and long-term structural dynamics is the central analytical question.

[Alcum🇨🇭 @AlcumOfficial]

Copper is the metal behind EVs, wind turbines, batteries, and digital infrastructure. It has strong long-term prospects.

But for most investors, it has always required industrial-scale knowledge, operational infrastructure, and processing capacity.

👀 That barrier is exactly what ALCUM was built to remove. Simple, legal, transparent access to the copper industry, backed by real expertise.

[Alcum🇨🇭 @AlcumOfficial]

Read the full article here 🔗https://t.co/jKAEuGMRVl

[Alcum🇨🇭 @AlcumOfficial]

Our COO, Vytautas Mackonis, explains what makes xCUP different from other tokenized commodities, and why the copper isn't just sitting in a warehouse.

[Alcum🇨🇭 @AlcumOfficial]

Cyclical commodity deficits ease when demand slows: a downturn cools industrial activity, prices correct, and the market rebalances.

The drivers behind copper supply-demand dynamics in the late 2020s have a different time signature, according to industry research:

▶️ The IEA Global Critical Minerals Outlook 2025 references demand drivers from electrification, declining ore grades, and long lead times for new mining capacity.

▶️ Wood Mackenzie tracks EV-related copper demand growth from current levels through the next decade.

▶️ BloombergNEF Transition Metals Outlook (December 2025) discusses copper as one of the metals where structural demand from energy transition is significant.

These three sources reflect a consistent observation: many of the demand drivers in the late 2020s are policy-supported (electrification mandates, grid investment programmes, defence and AI infrastructure) and have multi-decade time horizons. Supply-side responses (new mining capacity) have multi-decade lead times.

ALCUM does not publish price forecasts and does not take a directional view on copper prices. xCUP is market-neutral with continuous hedging — investor returns reflect operational margin from the industrial recycling cycle, not from copper price movements.

ALCUM's operational position is on the recycling supply side: secondary materials are processed and sold at LME-referenced prices to industrial buyers. As primary supply tightens, more industrial buyers consider secondary refined copper as a reliable alternative source, supporting demand for refined output.

Available to qualified institutional and professional investors at https://t.co/1XV9PaIgQ1.

[Alcum🇨🇭 @AlcumOfficial]

We'd like to introduce someone you'll be hearing from more often:

Vytautas Mackonis is Alcum's COO and an experienced operations leader with a strong background in metals recycling and business management.

Vytautas will represent Alcum at industry events and conferences, speak with the media, and engage directly with the community. If you have questions about how the copper recycling process works, the operational logic behind the protocol, or the metals industry more broadly, he's the right person to ask.

We'll be sharing more from Vytautas soon. In the meantime, feel free to leave any questions for him in the comments👇

[Alcum🇨🇭 @AlcumOfficial]

#Copper has been at the center of every major technological shift in human history. However, there’s a problem that can cause issues with the next leap: a 150,000-tonne shortfall of this metal. Watch our new video to understand why copper is so important.

Follow us for more interesting information about the copper industry!

[Alcum🇨🇭 @AlcumOfficial]

For most of the past decade, industrial metals exposure for institutional portfolios meant one of
three things: physical commodity ETFs, futures, or mining equities. Each has its own profile and
limitations.

A different conversation has been emerging: institutional interest in operational exposure to
industrial recycling cycles, distinct from copper price exposure.

Why operational exposure is structurally different➡️

Operational margin in industrial recycling reflects the structural transformation step — converting
unrefined materials into refined output that industrial buyers need. The margin is determined by
industrial transformation, not by directional price movements.

Why this fits institutional portfolios➡️

The case for industrial real-asset exposure has historically been weakened by limited access,
absence of yield from passive trackers, and high correlation with broader cycles. Operational
structures that hedge price exposure can carry a different profile: returns reflect operational
execution, not commodity-price beta.

The ALCUM position➡️

ALCUM operates a Swiss-issued structured product (xCUP, SSPA 1300) under FinSA Art. 68.
The underlying is operational participation in an industrial recycling cycle in Spain. Copper price
exposure is hedged via StoneX. Returns reflect operational margin.

Available to qualified institutional and professional investors at https://t.co/1XV9PaIgQ1.

[Alcum🇨🇭 @AlcumOfficial]

The 2025 copper market presented a clear operational picture for industrial recyclers:

LME warehouse stocks fell below 100,000 tonnes in late 2025, reflecting tight physical balances on the spot market (industry data).

✔️ Industry research providers (ICSG, BIR, Wood Mackenzie) documented continued growth in industrial copper demand from electrification, grid build-out, and AI infrastructure investment.

✔️ Secondary copper recycling — with shorter lead times than primary mining — played a continued role in covering ongoing industrial demand.

ALCUM operates within the secondary materials segment. Our operational position is on the
supply side of the recycling cycle: refined copper produced from secondary materials in our
licensed Spanish recovery facility (Mirada Levante), sold to industrial buyers at LME-referenced
prices.

ALCUM does not publish price forecasts. xCUP is structured as a market-neutral product: copper
price exposure is hedged continuously via StoneX, and investor returns reflect operational
margin from the industrial cycle.

Next month, we'll share more detail on how the operational cycle has performed across recent
Epochs. Available to qualified institutional and professional investors at https://t.co/1XV9PaIgQ1.