Norilsk Nickel’s Global Palladium Fund lists exchange instruments on the LSE

The Global Palladium Fund has listed Norilsk Nickel's copper and nickel-backed exchange traded instruments (ETCs) on the London Stock Exchange, the company said. For the first time, the instruments provide investors with low-cost access to copper and nickel. Read more: Norilsk Nickel’s Global Palladium Fund lists exchange instruments on the LSE

Norilsk Nickel’s Global Palladium Fund lists exchange instruments on the LSE

The Global Palladium Fund has listed Norilsk Nickel’s copper and nickel-backed exchange traded instruments (ETCs) on the London Stock Exchange, the company said. For the first time, the instruments provide investors with low-cost access to copper and nickel.

The ratio of total costs is 0.85% for copper ETC and 0.75% for nickel, which is “making them the most cost-effective way for European-based investors to achieve exposure to the metals through an exchange-traded product as they seek to take advantage of the energy transition trend” says Norilsk Nickel.

The listings follow the launch of GPF’s physically backed, low-cost gold, silver, platinum and palladium ETCs at the beginning of 2021. All six physically backed metal Exchange Traded Commodities (ETCs) also listed last week on Borsa Italiana — the largest listing of its kind in over a decade.

GPF is the first ETC issuer to use Blockchain technology to provide investors with enhanced transparency and security in their metal ETCs by recording bar information into distributed ledger technology. The new nickel and copper ETCs will track the respective LME cash prices. The metal backing GPF ETCs is stored in secure warehouses in Rotterdam.

To strengthen ETC security for investors, GPF uses IBM’s Hyperledger Blockchain protocol. By recording bar and cathode information on the blockchain, it provides clear ownership and an immutable custody chain for investors using the ETCs.

“We are excited to announce the launch of the GPF’s new ETCs — the first physically backed nickel and copper exchange traded products. The new digital instruments is a great opportunity for investors to benefit from the rising demand for the base metals as the world is setting on the path towards a greener future.” – commented Anton Berlin, Nornickel Vice President, Sales and Distribution.

“GPF is committed to democratizing investment in precious and base metals. The new physical copper and nickel ETCs benefit from our low pricing, enhanced transparency and security and sustainable supply source.” – said Alexander Stoyanov, Chief Executive Officer of the Global Palladium Fund.

Norilsk Nickel became the first issuer of Atomyze industrial asset tokenization platform based on Hyperledger Fabric blockchain technology. Automyze, a global digital marketplace, is powered by distributed ledger technology that digitizes physical assets and streamlines the trading process by achieving faster processing times, while providing transparency and unprecedented security.

Earlier, Nornickel’s president, Vladimir Potanin, has pledged to explore technological innovations in the financial sector, such as tokenization, to create added value, democratize access and benefit the society. Interros, Russia’s largest investment company founded by Mr. Potanin over 30 years ago, has joined the consortium of investors backing Atomyze – an international tokenization platform.

Norilsk Nickel is following the path of “creating a transparent and responsible digital market for metals, forming end-to-end chains of more environmentally friendly products,” said Potanin.

“Digitization opens up the ability to trace the origin of metals at all stages of the supply chain and stores a series of immutable data to control parameters such as the carbon footprint. We are aware of our responsibility to provide reliable supplies that are sustainable. Therefore, we will continue the course towards integrating the most modern digital technologies into the metallurgical business, and, together with the leaders of the global IT industry, we will support the largest initiatives in this area.” – Mr. Potanin noted.

Read more:
Norilsk Nickel’s Global Palladium Fund lists exchange instruments on the LSE

Source : Business Matters More   

What's Your Reaction?

like
0
dislike
0
love
0
funny
0
angry
0
sad
0
wow
0

Next Article

Solar Street Lights

As we know that world is running out of energy. Our needs can not be further fulfilled by men's handmade energy. Therefore we should use other methods to cope up with energy usage. The street lights are an important part of daily life. Read more: Solar Street Lights

Solar Street Lights

As we know that world is running out of energy. Our needs can not be further fulfilled by men’s handmade energy. Therefore we should use other methods to cope up with energy usage. The street lights are an important part of daily life.

Especially, in the nightlife, we need street lights. A lot of countries do not have the enough resources. They do not afford the street lights to turn on the country’s electricity. Therefore, many countries rely on solar power. As we know, solar power is a natural source of energy. This is a form of energy that will be never end in the future. While installing the Street lights, the government usually looks for the method which is pollution-free and cheaper. This is only possible by utilizing the sun’s power. So, for this purpose, electrical circuits are made. The function of the electrical circuits is to convert sunlight into electricity. In many regions, the whole country depends upon sunlight. All the streets have solar panels, which are effectively converting the sunlight into electricity. Being the best method, it converts the sunlight into electricity which turns up the solar street lights and provides facility to the residents.

Components of solar street lights

The prices of solar panels are affordable. They are not the complex structures. The solar panels used in streetlights are made up of simple structure which converts the solar energy into electricity. The packet of lights, called photons falls on the circuit. The circuit readily converts the high speed photons in to electrons. These electrons are run by the electrical circuit ads make sure the provision of light to street through the bulb. The streets lights solar panel is usually present in pairs. The face of solar panels is directed towards the sunlight. The reason behind installing that pair of panel is to capture the light all the day. The Light captured and converted into electricity, and stored in the battery. Moreover the battery does not get affected with the rainfall. The whole set up captures the light all the day and provides the lightning all the night.

Some advantages of solar street lights

Pollution free lights

  • This form of energy is completely pollution-free. The solar panels turn the solar light into electricity. This electricity is further used to turn on the streetlights.
  • It also utilizes the ultraviolet radiation of Suns. Therefore you must use this method to turn on the street lights.

Cheap method

  • As we have seen that it is the cheapest method to turn on the lights. It cost 0.00 dollars. The only investment is to install solar panels. Once the solar panels are installed, they turn the lights on for a lifetime for free.

Diversity

  • Using solar light, you can install as many as the light you want.
  • This is a very cheap method. By using solar energy, you can light up every street in your town.

Biologically safe method

  • The best thing about solar electricity is that it doesn’t affect human life. There is no electricity shortage or electricity fall.
  • The solar panel setup is made up of a simple circuit, which does not get short on touching. The provision of light remains continues until the sun’s blow. It means it’s a permanent method to provide lightning to our streets.

Time and energy saving

  • As we know that lights are lightened by solar energy, therefore they are almost maintenance free. We don’t have to care about them. They run on their own.
  • As they don’t own very complex structures, they are easy to maintain. The solar street lights don’t use very latest form of technology; therefore they are much easy to handle than the electricity lights.

Burden free

  • Solar street lights are deprived of grid electricity. Therefore, they don’t put burden the national electricity grids at all. A country with developed system of lights can install as many lights as it can. There are extremely zero burdens on the grid. I
  • It saves the electricity for local usage. The electricity saved is used to illuminate the housed later on. Therefore, using the solar panel as in street light is highly economical.

 

 

 

 

 

 

Read more:
Solar Street Lights

Source : Business Matters More   

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.