China’s germanium, gallium ban could cost the US $3.4 billion
According to the USGS, gallium prices could increase by more than 150% and germanium prices by 26% in the event of a total ban.
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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