Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Zinc, Aluminum ‘Ideal Candidates’ for ETFs, Morgan Stanley Says

Don't Miss Out —
Follow us on:

Nov. 10 (Bloomberg) -- Zinc and aluminum are the “ideal candidates” for exchange-traded fund products backed by physical metal, according to Peter Richardson, chief metals economist at Morgan Stanley Australia Ltd. Richardson made the comments in an interview with Bloomberg News yesterday.

“Zinc and aluminum are metals in structural oversupply. They need time, either in terms of cumulative demand growth or constraint in supply mechanisms, to bring about a better fundamental market.

“We think both of them are going to be ideal candidates because of the liquidity in the inventory, to do physically-backed ETFs, much more so than copper or nickel or tin because the danger with those metals is where there’s tightness, term structures will induce investors to sell rather than buy.”

To contact the reporter for this story: Glenys Sim in Singapore at gsim4@bloomberg.net

To contact the editor responsible for this story: James Poole at jpoole4@Bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.