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Dacha Capital plans 'tiny LME' for rare earths

April 15, 2010 - 10:33 GMT Location: London

KEYWORDS: ETF , indium , rare earths , MMTA , Rusal , SMG Indium Resources

Dacha Capital, a Toronto-based investment vehicle, is planning the world’s first ETF-like product for rare earths.

As well as boosting prices the fund will help to create a forward market, will reduce volatility and increase spot market liquidity, the company said. “It’s a private attempt to make a tiny LME for rare metals,” independent industry expert Jack Lifton told MB. “It is organised as a fund to hold material; it’s not a bad idea. Dacha has raised significant capital and is in the process of raising more,” he added. Dacha has raised $22 million in two tranches through the sale of 49 million special warrants, closing both...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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