China eyes its first platinum and palladium futures

Guangzhou exchange to list contracts for both ingots and industrial use sponge

20240710N Palladium

China accounts for 20% of global demand for palladium. © Reuters

TOMOYA TAKAYAMA, Nikkei staff writer

SHANGHAI -- China's Guangzhou Futures Exchange (GFEX) looks to list the country's first platinum and palladium futures, with trading to include not only investment bullion but also metal for industrial use.

The news came at Shanghai Platinum Week 2024, a gathering of domestic and international market participants held by research body World Platinum Investment Council. The event began on Tuesday.

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