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Gold Telegraph
@GoldTelegraph
The Battle for Pricing Power
Saudi Arabia will now have a warehouse delivery point for copper and zinc with the London Metals Exchange.
The London Metal Exchange is also considering adding a warehouse in Hong Kong.
Many forget one crucial fact, the exchange plans to launch new metals contracts based on the Shanghai Futures Exchange prices.
This is all happening as gold prices in China traded at a record premium to international prices in 2023.
The heat is starting to get turned on…
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