Dubai's Gold and Commodities Exchange to launch new base metals futures contracts | ZAWYA MENA Edition

Dubai's Gold and Commodities Exchange to launch new base metals futures contracts | ZAWYA MENA Edition:

Dubai's Gold and Commodies Exchange (DGCX) is to launch new two new base metals futures contracts covering the aluminium and zinc markets.

The exchange, which already offers a copper futures contract, several gold futures contracts and a shariah-compliant spot gold contract, said that trading in the new base metals contracts will begin trading on March 22.

At 5 million tonnes, contract lot sizes will be smaller than the typical London Metal Exchange contract of 25 tonnes, and will be financially settled, as opposed to involving any physical delivery.