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“The migration of some of Wall Street’s biggest banks into the physical aluminum market is a strategic progression toward the creation of an exchange-traded fund (ETF), the director of Read more…
If you overlaid a daily chart of the cash LME nickel market on that of LME aluminum, you’d scarcely see a difference in nickel’s and aluminum’s price trajectories over the past year. Except for Read more…
Aluminum may record a gain of $500 per metric ton, or 24%, if providers of exchange-traded funds introduce ETFs backed by the metal, Citigroup (NYSE:C) told Bloomberg. According to David Read more…
Aluminum may rise by $500 a metric ton if providers of exchange-traded funds introduce ETFs backed by the lightweight metal, Citigroup Inc. (NYSE: C) said, implying a potential 24 percent Read more…
“Yesterday, Dow component Alcoa (AA) posted better than expected earnings of 4 cents per share. The company’s surprise return to profitability was largely attributable to cost cutting measures, not new sales Read more…
ETF BASIC NEWS, IYM, RTM, VAW
“Credit Suisse Group will soon offer a new aluminum ETF. It sounds simple. The fund buys aluminum to back its shares. In turn, that Read more…
“With a surplus of aluminum on world markets, a planned exchange-traded fund promises to soak up a portion of supply and lend a prop to prices — much as other commodity funds are credited with doing Read more…
“At the ISRI Commodities Roundtable Forum on aluminum last week, one analyst reportedly suggested that aluminum could rise to $3,000 per metric ton by May 2010—quite a jump from this year’s prices, which have fluctuated between just over Read more…
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