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Honestly, the reaction to certain regional platinum and palladium futures launches feels overblown.
Calling it economic warfare? That's the same energy as those tired "reserve currency replacement" takes that never pan out.
What's actually happening: a major economy is building local price discovery mechanisms for its manufacturing sector. Strategic? Sure. Industrial logic? Absolutely.
But let's not dress up standard commodities market development as some kind of financial Pearl Harbor. Markets localize pricing—it's what they do. The metals space just got another benchmark, not a declaration of war.