Rare earth is one of the most important resource of Baotou and is a business card of the city. In the year 2018, the city has implements policies that support of the rare-earth industry development based on the advantage of rare-earth, technology and talents.
Baotou Rare Earth Products Exchange is the only electronic trading platform for commodity spot trading of various rare earth products of China. From January to October, the Exchanges has realized the sum of business transaction 80.62 billion yuan, with the year-on year growth of 158.24%. Baotou Daily reports.