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Shanghai Gold Exchange
ABC Refinery is now accredited by the CME Group for its premier gold product, the COMEX ‘GC’ gold futures contract, and sees ABC Refinery bars added to the COMEX good delivery list of brands used to physically settle against the GC gold futures contract in New York.
ABC Refinery is the refining division of the Pallion Group and have been involved in the refining and processing of precious metals in Australia since 1951.
ABC Refinery and Pallion provide assurance for consumers by using responsible sourcing and sustainability practices.
Palloys, the jewellery manufacturing and supply division of Pallion, recently attained certification from the Responsible Jewellery Council (RJC), the foremost standard setting and certification organisation in the world for the international jewellery industry.
The Perth Mint has expanded the market for Australian gold in China with its recent appointment as an International member of Shanghai Gold Exchange (SGE).
As an International member of SGE, The Perth Mint would now also gain access to an extensive network of gold distributors trading directly on the SGE platform throughout China.
ABC Refinery is now officially accredited by the Shanghai Gold Exchange (SGE), making it one of only seven international companies who can sell gold into the world’s top gold consuming nation.
A crucial network for trading gold in China, all official gold sales within China must occur through the SGE making it the primary gateway into the world’s largest gold market worth over A$341 billion annually.
The Perth Mint has created a strong new market for Australian gold producers with Chinese investors now buying more than 230 tonnes of Australian gold bullion, worth $11 billion, on the Shanghai Gold Exchange every year.
