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SHFE approves silver futures trading

(Global Times)

08:17, April 25, 2012

The Shanghai Futures Exchange (SHFE), China's largest market for commodities, has been given permission to launch silver futures trading, according to the China Securities Regulatory Commission (CSRC) Tuesday.

The launch of silver futures trading on the SHFE will give China more sway in determining global silver prices. This could help China's silver producers, consumers and traders lower their costs.

In 2010, China was the world's largest silver producer, with a total output of 11,617 tons during that year, according to data from the CSRC.

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