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.

When this deal hits, it will be time to re-rate the majors: Alcoa, Inc. (NYSE:AA), Alumina Ltd. (NYSE:AWC) and even China’s Aluminum Corporation Of China Limited (NYSE:ACH), which is looking at soaring costs as its production subsidies expire:

Of course, it will also be a good thing for Russian aluminum heavyweight Rusal, but that company does not trade over here.

Written By Tim Seymour From Emerging Money

Emerging Money provides insightful and timely information about the increasingly important world of Emerging Market investments. CNBC Emerging Markets Contributor Tim Seymour leads the team of Emerging Money to bring you cutting edge global news and analysis.

About Tim Seymour: Tim is a founder of Emerging Money. He is a founder and Managing Partner at Seygem Asset Management, and The Emerging Markets Contributor to CNBC. Seygem Asset Management focuses on investing throughout the global emerging markets asset class. With a view that emerging and developing economies will continue to outpace the economic growth and advancement of developed economies, Seymour has devoted a career to investing in the dominant markets of tomorrow, today. Seymour’s career has included significant experience in both alternative asset management (hedge funds) and capital markets, having launched two hedge funds, and built the largest Russian broker dealer in the USA. Seymour started his career at UBS, focusing on international credit (cash, swaps, forex) in a specialized hedge fund group (New York). Seymour completed the firm’s training program after graduating with an MBA in international finance from Fordham University. Seymour received his undergraduate degree at Georgetown University.

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