Turnover of China's rare earth products exchange surged drastically in the first seven months of this year due to declining prices and rising demand.
The Baotou Rare Earth Products exchange processed 116,400 tonnes of products in the first seven months, with a trading volume of 15.755 billion yuan ($2.57 billion), up 277 percent compared to the full year of 2014, Xinhua reported quoting Gu Ming, the exchange general manager.
"The drastic price decline of rare earth products strengthened the market demand," Gu said." Read full article
Read about Australian Rare Earths