(Adds comment detail)

LONDON Dec 16 (Reuters) – UK-based ETF Securities said on
Thursday its aluminium, zinc and lead physical exchange-traded
products will be listed in the first quarter of next year.

“We are looking at releasing these products in a series of
tranches, and for (the other three ETCs) I’d envisage that being
in the first quarter next year,” ETF Securities said at a
briefing.

Earlier, the company said $25 million had been invested in
its copper, nickel and physical metal exchange-traded products
since launch on December 10.

The amount of copper held to back the physical copper
exchange-traded product PHCU.L, launched last week by ETF
Securities, totalled 25 tonnes as of December 14, according to
the company’s website on Wednesday.

Total holdings in physical nickel PHNI.L and physical tin
PHSN.L were 6 tonnes and 5 tonnes respectively.

The listings in London by UK-based ETF Securities are aimed
mainly at institutional investors such as pension funds and
insurance companies looking for exposure to hard assets such as
copper, used in power and construction. [ID:nLDE6B61QR]
[ID:nLDE6B90D6]

Copper consumers complain that these products will distort
market fundamentals and prices at a time when falling ore
grades, disruptions and project delays mean supplies could be
restricted. [ID:nLDE6B81L8]
(Reporting by Melanie Burton; editing by Alison Birrane)

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