Date
23 September 2017

Test run Friday for rare earth exchange, paper says

The Baotou Rare Earth Products Exchange, the first national trading platform of its kind in China, will begin trial operation from March 28 after five months of simulated trading, the Shanghai Securities News reported Thursday. According to its published trading rules, the exchange in Baotou, Inner Mongolia, will offer spot trading in rare earth products, including cerium oxide, praseodymium-neodymium oxide and europium oxide. The exchange, with a registered capital of more than 100 million yuan (US$16.1 million), was founded by Baotou Steel Rare-Earth (Group) Hi-Tech Co. Ltd., China Minmetals Non-ferrous Metals Co. Ltd. and several others with equal stakes, the report said.

– Contact HKEJ at [email protected]

TL/AC/SK

 

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