NORNICKEL'S GLOBAL PALLADIUM FUND LAUNCHES WORLD'S FIRST PHYSICALLY-BACKED ELECTRIC VEHICLE METALS ETC
Moscow, February 1, 2022 - Nornickel, the world's largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announces that Global Palladium Fund, a metals distributor founded by Nornickel, has launched the GPF Physical Electric Vehicle Metals Exchange Traded Commodity (ETC).
- Moscow, February 1, 2022 - Nornickel, the world's largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announces that Global Palladium Fund, a metals distributor founded by Nornickel, has launched the GPF Physical Electric Vehicle Metals Exchange Traded Commodity (ETC).
- The Global Palladium Fund Physical Electric Vehicle ETC is being launched with $10m of seed capital, and listing initially on Borsa Italiana.
- The ETC is backed by physical metal and will track the performance of the Solactive GPF Electric Vehicle Index.
- The bespoke index is made up of metals based on their use across four electric vehicle segments: battery (BEV), hybrid (HEV), plug-in hybrid (PHEV) and fuel cell (FCEV).