China’s first rare earth products exchange opens

Posted on March 31, 2014 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

Xinhua reported that China’s first rare earth products exchange opened in Inner Mongolia Autonomous Region after a three month trial.

Mr Jia Yinsong a Ministry of Industry and Information Technology official said that “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. 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.”