China is to establish a national rare earths pricing system within the next month to aid the activity of its new trading platform, Chinese officials revealed on Wednesday.
Speaking at the Rare Earth Industry Forum in Baotou, Inner Mongolia, Ma Rongzhang, secretary-general of the Association of China Rare Earth Industry (ACREI) said that the pricing index will aim to level out price volatility in the market, China Daily reported.
According to Zhang Zhong, general manager of Inner Mongolia Baotou Rare Earth Hi-Tech Co., the country’s newly launched trading platform will work with futures and financial information institutions to compose the index....