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China opens rare earths exchange

1:36 PM MDT | April 7, 2014 | Ian Young

China’s first rare earth products exchange has opened for business following a three-month trial, the country’s official Xinhua news agency says. The exchange is at Baotou, in the autonomous region of Inner Mongolia, where a substantial portion of China’s rare earth deposits are located. The Baotou Rare Earth Products Exchange is designed to regulate China’s rare earths market, improve the way prices are formed, and promote the development of the industry, Xinhua says. The exchange has three spot-transaction modes: price bidding, listed...

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