China to add rare earths to the Shanghai Futures Exchange
Posted on May 30, 2014 by Hongpo Shen
- See more at: investorintel.com/rare-earth-intel/...ge/#sthash.1L3enSCV.dpuf
In order to regulate the country’s rare earth market while improving price setting and industry development, China’s first spot exchange for rare earths, the Baotou Rare Earth Products Exchange (BREPE), has officially opened on March 28th in the Inner Mongolia autonomous region. The BREPE has adopted three spot transaction modes (included price bidding, listed trading and real-time trading online), with 10 items for trade including europium oxide, praseodymium-neodymium oxide, dysprosium oxide, erbium oxide, praseodymium oxide, neodymium oxide, yttrium oxide, terbium oxide, lutetium oxide and cerium oxide.
As the Shanghai Futures Exchange adopts a rare earth futures trading platform, it will become the new pricing benchmark for the global rare earths market while radically transforming the Chinese rare earths trading sector.