UC Rusal To Supply Aluminum To ETF

Russian private aluminum-producer, UC Rusal, is looking to supply the metal to a physically-backed aluminum exchange-traded fund （ETF）, Reuters reports. The company is not sponsoring the fund itself.

According to Oleg Mukhamedshin, deputy CEO of capital markets, the ETF was only one of its customers and there was no exclusivity on supply. The company will consider the potential supply of the metal to the ETF as soon as the fund is ready.