Rare-earths ex­change starts trad­ing

China Daily (Canada) - - NEWSCAPSULE -

China has started its first ra­reearths ex­change as the world’s big­gest pro­ducer of the el­e­ments seeks to in­crease the role of the free mar­ket amid crit­i­cism over­seas for lim­it­ing ex­ports.

Bao­tou Rare Earth Prod­ucts Ex­change in the In­ner Mon­go­lia au­ton­o­mous re­gion be­gan trad­ing eu­ropium ox­ide, praseodymium-neodymium ox­ide and cerium ox­ide, it said in a state­ment on Fri­day.

China is bring­ing ex­change trad­ing to rare earths as it con­sol­i­dates min­ers and re­fin­ers of the group of 17 chem­i­cally sim­i­lar el­e­ments used in prod­ucts from smart­phones to he­li­copter blades and hy­brid-car bat­ter­ies.

The trial comes af­ter the World Trade Or­ga­ni­za­tion ruled against the coun­try in the past week, agree­ing with the US that lim­its on its ex­ports vi­o­late trade rules. (Photo 1)

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