REPE reports 158.24% YOY increase in rare earth trading value of 2018 first ten months
2018-11-30 17:39:21 [Print]
On November 24, Baotou Rare Earth Products Exchange (REPE) announced that its rare earth trading value in the first ten months of 2018 amounted to RMB80.362 billion, up by 158.24% YOY.
As the only exchange in China specializing in spot transactions on rare earth products, REPE was set up in May 2011 with approval from Inner Mongolia government. So far on REPE there have been 14 rare earth oxide varieties available for spot transactions and four banks providing settlement service.
In 2017, REPE reported a total trading value of RMB37.863 billion and a trading volume of 77,600t.
As the only exchange in China specializing in spot transactions on rare earth products, REPE was set up in May 2011 with approval from Inner Mongolia government. So far on REPE there have been 14 rare earth oxide varieties available for spot transactions and four banks providing settlement service.
In 2017, REPE reported a total trading value of RMB37.863 billion and a trading volume of 77,600t.
