UC RUSAL expects to supply metal to aluminium ETF
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 29.06.2010 |
The head of Russia's UC RUSAL , the world's biggest aluminium producer, said on Tuesday the company would likely supply aluminium as an underlying asset for an aluminium exchange traded fund he expects to be launched in July.
Chief Executive Oleg Deripaska also told reporters in Tokyo that demand for aluminium remains healthy.
The company swung into the black during the first three months of the year after flirting with collapse amid heavy losses and mammoth debts in 2009. [ID:nTOE64800B]
Reuters News
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