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E-mailLondon, 14 February 2011
Russia's United Company RUSAL Ltd , the world's largest aluminium producer, said on Monday that an aluminium exchange traded fund (ETF), could be launched soon.
"Market sources say it will be a matter of weeks rather than months," a RUSAL executive said during a telephone conference. RUSAL said in September that it would consider supplying the metal to a physically-backed aluminium exchange traded fund (ETF), but would not sponsor the fund itself.
Ends --
Reuters - for Commodities Now.
