According to reports, the Guangzhou Futures Exchange is considering launching its first cobalt futures product.

According to sources familiar with the matter, the Guangzhou Futures Exchange is considering launching China's first cobalt futures. Sources say that the Guangzhou Futures Exchange is discussing the possibility of introducing physical delivery cobalt metal futures. The discussions are still in the early stages and may not necessarily be implemented. Sources say that considering the wider application of cobalt sulfate, contracts may also include cobalt sulfate as a delivery option to increase the available quantity for delivery and meet the hedging needs of more companies. Sources indicate that the timeline for the launch has not been determined yet.