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Metal Recycling News October 09, 2014 12:21:30 AM

Trading Volume on China's Baotou Rare Earth Products Exchange Hits 9,700 Tonnes

Paul Ploumis
ScrapMonster Author
The volume of physical goods traded on China's Baotou Rare Erath Products Exchange has hit 9,700 tonnes

Trading Volume on China's Baotou Rare Earth Products Exchange Hits 9,700 Tonnes

BEIJING (SMM): The volume of physical goods traded on China’s Baotou Rare Erath Products Exchange has hit 9,700 tonnes by the end of September since March 28 this year when the Exchange entered service, according to Xinhua News Agency.

The value of these goods totaled about 1.7 billion yuan ($276.59 million).

Baotou Rare Earth Products Exchange is the first electronic trading platform for physical rare earth products in China, with the number of its members exceeding 90.

Courtesy: www.metal.com

 

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