China’s First Rare Earths Products Exchange Now Open

Want China Times reported that on March 28, the Baotou Rare Earth Products Exchange, the first rare earth products exchange in China, opened in Inner Mongolia.

The opening was preceded by a three-month trial period.

As quoted in the market news:

The Baotou Rare Earth Products Exchange is expected to regulate the country’s rare earth market, improve the way prices are formed and promote development of the industry, said Jia Yinsong, an official with the Ministry of Industry and Information Technology.

The exchange will introduce three spot transaction modes, namely price bidding, listed trading and real-time trading online, with more than 10 trading items including cerium oxide, praseodymium-neodymium oxide and europium oxide.

Click here to read the full Want China Times article.