The Lucky Group is proud to announce the launch of the region’s first-ever Copper futures contract.
Riz Shaban – Commercial Manager of Lucky Recycling accepted the invitation as a Panellist for the press conference held on Apr 19, 2012 to announce the launch of the region’s first-ever Copper futures contract established by the Dubai Gold Commodities Exchange. Following suit DGCX on Friday April 13th finally launched the trading of copper futures. Copper being the third most widely-used metal in the world finally made its way to The Dubai Gold and Commodities Exchange in the form of copper futures which until then was traded at a number of international exchanges. The relentlessly growing demand for copper from investors and the industry finally convinced the DGCX into copper futures which they think would be highly attractive to both retail and institutional buyers. DGCX is an initiative of the Dubai Multi Commodities Centre (DMCC), Financial Technologies (India) Limited and the Multi Commodity Exchange of India Limited (MCX). Their range of futures contracts offers participants of the physical commodities markets, such as producers, manufacturers and end users, with a sophisticated means of hedging their price risk exposure.
The Lucky Group of Companies has been on the forefront when it comes to scrap metal trading and recycling in the Middle East. With their headquarters in Dubai, UAE and recycling facilities in Dubai and Qatar; secondary aluminium alloy plant in Jebel Ali and an international trading office in Toronto and Shanghai, they strive to achieve a stronger presence in the Middle East with their sight set on the global market.
The Lucky Group of Companies has been on the forefront when it comes to scrap metal trading and recycling in the Middle East. With their hea...