Focus on India-Singapore:

Markets: India a key stakeholder in SGX’s fast-financialising iron ore contract https://bit.ly/3Ilzihh SGX expands footprint in metals and minerals such as green steel and lithium

Singapore Exchange (SGX Group) considers India a key stakeholder in its fast-financialising iron ore contract, as well as a key participant in its suite of commodity contracts offering proxy access to fast industrialising Asia.

William Chin, Commodities Head at SGX Group, says “We are expanding our footprint in metals and minerals such as green steel and lithium.”

He noted surging demand from the massive infrastructure development, industrial production and renewable energy-based electric vehicles underpinned by India’s new crown as the world’s most populous nation.

According to a PTI report, Chin has singled out green steel initiatives, especially based on recycling of scrap and the Government’s emphasis on making the country self-sufficient, or Aatmanirbhar, in new energy, minerals and metals as well as electric vehicles and lithium for batteries. Fiinews.com