Physical tin ETF Makes Slow Start

Dec. 23 -- The new investor products allowing investors to buy physical tin, nickel and copper via securities traded on the London Stock Exchange have attracted modest demand since their launch on 10 December. Latest data published by ETF Securities Limited on its website shows that to date warrants for 80 tonnes of tin, 402 tonnes of nickel and 1,445 tonnes of copper have been bought.

ETF Securities plans to launch further physical metal ETFs for the other three LME primary metals and a basket covering all six in the New Year. The first three to be launched were seen as potentially the most attractive, as storage costs are lower as a percentage of the value of the metals. ETF Securities currently has some $25 billion assets under management.