Nornickel, the world’s largest refined nickel producer and major copper producer, hopes to attract more European-based investors in these 20 metals through the ETC launched on the London Stock Exchange (LSE).
ETC will use blockchain technology for transparency and security in backing metals. The metals will be stored in Rotterdam warehouses, Nornickel said in a statement Thursday. The company added that the total expenditure ratio for copper and nickel ETCs is 0.85% and 0.75% respectively. Its global palladium fund launched a similar ETC for gold, silver, platinum and palladium in January.
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