新能源金属“新贵”来了，证监会同意广期所铂、钯期货和期权注册

Core Insights - The launch of platinum and palladium futures and options by the Guangzhou Futures Exchange aims to enhance China's pricing influence in the global platinum and palladium markets [1][3] - Platinum and palladium are crucial for green industries, particularly in automotive emissions control and renewable energy sectors [1][2] Group 1: Market Dynamics - Platinum futures prices have surged approximately 75% year-to-date, significantly outpacing the 45% increase in COMEX gold futures [1] - In Q1 of this year, China's platinum investment demand skyrocketed, with a 140% year-on-year increase in demand for investment platinum bars under 500 grams, reaching a historic high of 1 ton [1] - The World Platinum Investment Council (WPIC) indicates that the global platinum market is expected to face a shortage of 26.4 tons by 2025, despite a projected 4% decline in total demand [2] Group 2: Industrial Applications - Approximately 60% of platinum and 80% of palladium in China are utilized in the production of automotive catalytic converters and other green-related industries [2] - The volatility in platinum and palladium prices, with annual fluctuations exceeding 20% over the past five years, has heightened the demand for futures contracts among industry players for risk management [2] Group 3: Central Bank Interest - Platinum is emerging as a focal point for central bank reserve diversification, as geopolitical uncertainties and challenges to the dollar credit system prompt countries to evaluate alternative precious metal assets [3] - The introduction of platinum and palladium futures is expected to enable Chinese industries to participate more actively in global pricing, thereby enhancing the international influence of China's platinum and palladium prices [3]