MMC Norilsk Nickel (MNOD)
17-Jun-2021 / 11:12 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely chargeable for the content material of this announcement.
Public Joint Inventory Firm «Mining and Metallurgical Firm «NORILSK NICKEL» (PJSC “MMC “Norilsk Nickel”, “Nornickel” or the “Firm”)
NORNICKEL’S PALLADIUM FUND LAUNCHES FIRST NICKEL AND COPPER ETCS ON LSE
Moscow, June 17, 2021 – Nornickel, the world’s largest producer of palladium and high-grade nickel and a serious producer of platinum and copper, pronounces that the World Palladium Fund (GPF), based by Nornickel, has launched Change Traded Commodities (ETC) for nickel and copper on the London Inventory Change (LSE) giving markets distinctive entry to low-cost base metals funding alternatives.
The ETCs are attractively priced with the annual complete expense ratios (TERs) of 0.85% for the copper ETC and 0.75% for the nickel ETC, making them probably the most cost-effective method for European-based buyers to realize publicity to the metals by way of an exchange-traded product as they search to reap the benefits of the power transition pattern.
The listings comply with the launch of GPF’s bodily backed, low-cost gold, silver, platinum and palladium ETCs originally of 2021. All six bodily backed steel Change Traded Commodities (ETCs) listing in the present day on Borsa Italiana – the most important itemizing of its sort in over a decade.
GPF is the primary ETC issuer to make use of Blockchain expertise to supply buyers with enhanced transparency and safety of their steel ETCs by recording bar info into distributed ledger expertise. The brand new nickel and copper ETCs will observe the respective LME money costs. The steel backing GPF ETCs is saved in safe warehouses in Rotterdam.
To strengthen ETC investor safety, GPF makes use of IBM’s Hyperledger Blockchain within the custody chain of the steel. By recording bar and cathode info on the blockchain, it gives clear possession and an immutable custody chain for buyers utilizing the ETCs.
Anton Berlin, Nornickel Vice President, Gross sales and Distribution, commented: “We’re excited to announce the launch of the GPF’s new ETCs – the primary bodily backed nickel and copper trade traded merchandise to see the sunshine of day. The brand new digital devices is a superb alternative for buyers to learn from the rising demand for the bottom metals because the world is setting on the trail in the direction of a greener future.”
Alexander Stoyanov, Chief Govt Officer of the World Palladium Fund, commented: “GPF is dedicated to democratising funding in treasured and base metals. The brand new bodily copper and nickel ETCs profit from our low pricing, enhanced transparency and safety and sustainable provide supply.”
ABOUT GLOBAL PALLADIUM FUND
The World Palladium Fund L.P. was established by Nornickel in 2016 with a three-fold goal, underpinning its position because the main participant within the world palladium business. The fund’s aim is to create a global monetary platform for cooperation with main holders of current stockpiles of palladium and different metals, promote industrial and funding demand for the steel, and scale back total volatility of the palladium market. Uncover extra in regards to the fund here.
MMC Norilsk Nickel is a diversified mining and metallurgical firm, the world’s largest producer of palladium and high-grade nickel and a serious producer of platinum and copper. The corporate additionally produces cobalt, rhodium, silver, gold, iridium, ruthenium, selenium, tellurium, sulphur and different merchandise.
The manufacturing models of Norilsk Nickel Group are positioned on the Norilsk Industrial District, on the Kola Peninsula and Zabaykalsky Krai in Russia in addition to in Finland and South Africa.
MMC Norilsk Nickel shares are listed on the Moscow and on the Saint-Petersburg Inventory Exchanges, ADRs are traded over-the-counter within the US and on the London, Berlin and Frankfurt Inventory Exchanges.
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