China opens the first Rare Earth Products Exchange
Published: Tuesday, 01 April 2014
The opening of a Rare Earths Product Exchange in China can bring significant change to the rare earths market in the future, through a better control of prices fluctuations and fairer trade and will help the domestic market defy completely illegal mining.
The Baotou Rare Earth Products Exchange has started its
official run today, after almost five months of trial
operation, and it will be the first rare earths exchange in the
world, focusing on spot products.
The exchange announced it will rectify irregular pricing
among Chinese firms by standardising spot trading...