China will roll out a new copper futures contract this week that will be open to international traders, in a push to boost the use of yuan overseas and challenge London’s dominance in the trading of the metal.
The Shanghai International Energy Exchange (INE) will start trading monthly copper futures denominated in Chinese yuan on Thursday, in contracts based on the metal to be delivered into warehouses in China. China's flagship international crude oil futures also trade on the exchange.
While China already has a copper futures contract listed on the Shanghai Futures . . .
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