Aluminum ETF May Lock Up 2 Million to 3 Million Tons of Metal, Rusal Says-Shanghai Metals Market

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Aluminum ETF May Lock Up 2 Million to 3 Million Tons of Metal, Rusal Says

Industry News 03:15:00PM Dec 16, 2010 Source:SMM

(Bloomberg)--United Co. Rusal said the possible launch of aluminum exchange-traded funds in 2011 may lock 2 to 3 million tons of the metal for “several years,” according to a statement filed to the Hong Kong stock exchange.
 

Aluminum ETF May Lock Up 2 Million to 3 Million Tons of Metal, Rusal Says

Industry News 03:15:00PM Dec 16, 2010 Source:SMM

(Bloomberg)--United Co. Rusal said the possible launch of aluminum exchange-traded funds in 2011 may lock 2 to 3 million tons of the metal for “several years,” according to a statement filed to the Hong Kong stock exchange.