The Gulf is bidding to win a share of the fast-moving global copper trade.
The Dubai Gold and Commodities Exchange will launch a copper futures contract this week, offering investors arbitrage opportunities with the leading copper markets in London and New York, as well as Mumbai and Shanghai.
As Camilla Hall reports for the FT’s Middle East edition, the exchange plans to launch trading in 5-tonne, cash-settled $-denominated copper contracts on April 20.
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