Months of anticipation in the commodity markets could be bearing fruit in the next few months as the first aluminum ETF backed by physical metal moves toward a London listing.
Credit Suisse has reportedly made a preliminary filing to launch an aluminum fund on the London Stock Exchange while smaller rival ETF Securities is getting ready to roll out aluminum, zinc and lead products by the end of March.
Rumor even has it that somebody out there is buying aluminum early in order to feed the new fund once it launches.
Moving into retail speculator markets will be a great thing for the somewhat beleaguered aluminum manufacturers, which have been at the mercy of volatile industrial demand and pricing for ages now.
Most immediately, an aluminum ETF or two could take 1 million tons of the metal off the market every year, setting a new （higher） floor on demand and pricing.
豫公网安备41010502003434号