China to launch its first platinum, palladium futures

Stock image.

The Guangzhou Futures Exchange (GFEX) said on Tuesday that it plans to launch China’s first platinum and palladium futures contracts to offer a domestic price hedging mechanism.

The GFEX will be the first exchange to allow delivery against its contracts of platinum and palladium in a form used by the main consumers, automakers and other industrial sectors. Its contracts may also support platinum investment demand in the world’s second-largest economy.

(By Amy Lv and Polina Devitt; Editing by Christian Schmollinger)


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