Transaction Volume in the First Quarter Increased by 22.41%, Baotou Rare Earth Products Exchange Activates New Engine for the Industry

On April 27, the Baotou Rare Earth Products Exchange (hereinafter referred to as "BREPE") held a sharing session on rare earth market analysis. Over 70 entities, including rare earth industry experts, enterprise representatives, and scholars, gathered to explore new paths for industrial development.

At the meeting, Chen Zhanheng, Deputy Secretary General of the China Rare Earth Industry Association, delivered a special report titled "Analysis of the Rare Earth Industry Situation." The report provided an in-depth analysis from multiple dimensions, including the global resource landscape, market supply and demand conditions, technological innovation progress, and geopolitical impacts. It emphasized the need for coordinated advancement of digitization and marketization to build resilience in the rare earth industry chain.

In Q1, BREPE achieved breakthroughs through multiple innovative initiatives. In terms of deepening platform services, it promoted the implementation of the "trading, information, and finance" three-center architecture, launched new products such as the competitive bidding procurement of rare earth raw and auxiliary materials, and collaborated with the Baotou Rare Earth Research Institute to create a dedicated exhibition zone on its official website. Going forward, BREPE will further expand into areas such as warehousing services, value-added services for product inspection and testing, supply chain financial services, and raw and auxiliary material procurement services, enhancing its service capabilities and standards to provide high-quality and efficient services to upstream and downstream enterprises, comprehensively assisting in improving the safety and resilience of the industry and supply chains. In terms of data infrastructure construction, BREPE rigorously selected over 100 key enterprises to participate in price collection, with over 200 effective daily quotes. It has completed the trial operation of eight issues of the spot price index, empowering industrial development with data and collaborating with enterprises to jointly explore cooperation, seek development, and achieve a win-win future.

In Q1, BREPE's trading volume increased by 22.41% YoY, and its operating revenue grew by 12.73%, injecting strong momentum into the construction of the national rare earth product trading center.

The person in charge of BREPE stated that the excellent performance in the first quarter is a new starting point. In the future, BREPE will focus on improving the price index system, promoting the official release of the spot price index, and strengthening pricing influence. It will continue to expand digital service scenarios, link upstream and downstream enterprises to enhance supply chain resilience, deepen compliance construction and industry-university-research cooperation, promote the transformation of technological achievements, and assist in the transformation of the rare earth industry's scale benefits into economic benefits.