New South Exchange tungsten and rare earth oxides trading varieties

Southern Precious Metals Exchange (referred to as "Southern Exchange") on June 17 new transaction types tungsten (W) and rare earth oxides: lanthanum oxide (La2O3), dysprosium oxide (Dy2O3), cerium oxide (CeO2), neodymium oxide, praseodymium ((PrNd) 2O3), europium oxide (Eu2O3), terbium oxide (Tb4O7), yttrium oxide (Y2O3).

Rare earth oxides in the petroleum, chemical, metallurgy, textiles, ceramics, glass, magnetic materials and other fields have been widely used, with advances in technology and application technology continues to break, rare earth oxides will be increasing the value of .

South Exchange insiders, the original basis of the six exchanges trading varieties (silver, indium, bismuth, antimony, antimony, tellurium) in June average daily turnover of up to more than 100 billion yuan, of which the average daily silver turnover of more than 70 billion yuan. New varieties are now on-line, is expected to rise in the overall average daily turnover on a large scale.

Follow-up, South Exchange trading varieties will continue to improve and further expand Precious Metal Exchange base, the exchange "based on the spot, the spot services to enhance the spot," the purpose of carrying out in the end, stronger cash advantage, in order to reduce transaction costs for the entire industry, promote economic development entities.


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