Chinese network Reuters drying the first half, Inner Mongolia Autonomous Region People's Government issued the "Reply on the formation of the Baotou Rare Earth Products Exchange-related matters," agreed the formation of Baotou City, Baotou Rare Earth Products Exchange Limited, which is based Baotou Steel Rare Earth Group The enterprise legal person, including Inner Mongolia Gaoxin Holding Co., Ltd., etc., intends to carry out work related to rare earth product trading. Baotou Rare Earth Products Exchange Co., Ltd. registered capital of 70 million yuan, Baotou Rare Earth and State Reserve Materials Regulatory Center, China Nonferrous Metals Construction Co., Sichuan Jiangtong Rare Earth Company, Xiamen Tungsten Industry Co., Gansu Rare Earth New Materials Co., Ltd., Inner Mongolia Gaoxin Holding Company will invest in cash and all parties will contribute 10 million yuan.
Baotou Rare Earth Electronic Exchange, which has received much attention from the industry, will be put into operation on August 8 in Baotou National Rare Earth Hi-tech Industrial Development Zone. The world's first rare earth product spot exchange will soon be born here.
At present, all sponsors have reached a consensus on the exchange's trading model, construction sites, stock rights, and responsibilities and obligations. Baotou Rare Earth is signing relevant agreements with the promoters, and the exchange is planned to be established on August 8.
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