Shanghai Platinum Week highlights unique platinum, palladium futures innovation

Platinum and palladium have been spotlighted on day-two of Shanghai Platinum Week, where South Africa is well represented by Minerals Council South Africa as well as platinum group metals (PGM) mining company executives. The newly announced ingot and sponge monthly contracts offer a domestic mechanism to hedge price risk and boost the ongoing development of China’s PGMs market, which is essential to the Asian giant’s energy transition and ongoing decarbonisation efforts.