China opens the first Rare Earth Products Exchange

By Antonio Torrisi
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...

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