Innovation Metals will launch rare earth exchange in early 2012

Dec 08, 2011 | 11:31 AM |

Innovation Metals Corp (IMC) will launch a rare earth exchange for traders, consumers and producers early next year, the company's ceo Patrick Wong said on Thursday. The project will improve transparency and spot activity in the rare earths market, the company said. The new platform will act as a live two-sided market with visible bid and ask prices, Wong told Metal Bulletin. “We’re there to be market makers; I think people are going to be surprised by the spot prices on the....

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