Chinese First Rare Earth Products Exchange Opened

Chinese Rare Earth Products Exchange inaugurated yesterday in Baotou, Inner Mongolia, the Fourth China Baotou Rare Earth Industry Forum held simultaneously.China Rare Earth Industry Association, the official said during the forum, the Association is studying the establishment of rare earth price formation mechanism, enterprises in this pricing can be referenced and, if necessary, the government will accordingly such as purchasing and storage policy adjustments . The official said that if the only reference to the existing rare earth production cost pricing, obviously unfair. China's rare earth production process has been a long process to explore these mature technology now widely used overseas rare earth projects, but China has paid a huge environmental cost. Therefore, in determining a reasonable market price of rare earth, it must be fully taken into account.

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