Dubai – Mubasher: The Dubai Gold and Commodities Exchange (DGCX) and the Dubai Commodities Clearing Corporation (DCCC) on Saturday revealed plans for launching aluminium and zinc futures in March.
Scheduled to be launched on 22 March, the new products will enable investors to mitigate the risks involved in the base metal markets.
“The imminent launch of these two products is a response to growing demands and investor feedback, and will play an important role in the DGCX Group’s growth strategy moving forward,” The National newspaper reported, citing the DGCX’s CEO Les Male as saying.
Each of the US-denominated aluminium futures and zinc futures contract will weigh 5 metric tonnes, the DGCX stated.
Les Male remarked: “We are confident that they will further strengthen our value proposition to all participants across the non-ferrous metals supply chain, while complementing our existing portfolio of diverse products.”
