The Chicago Mercantile Exchange (CME), the world’s largest derivatives exchange, is considering the launch of the world’s first rare earth futures contract, Reuters reported on 12th (local time).
According to the report, CME is preparing a futures contract linked to neodymium–praseodymium (NdPr), a key rare earth alloy used in high-performance permanent magnets for electric vehicles and wind turbines.
![[SMM Rare Earth Morning Briefing] Pr-Nd oxide quotes are firm, dysprosium-iron alloy slightly raised, and end-use demand remains running at off-season levels](https://imgqn.smm.cn/usercenter/tXtym20251217171745.jpeg)
![Rare Earth Prices Diverge; Upstream Holds Prices Firm, Downstream Waits and Sees [SMM Rare Earth Daily]](https://imgqn.smm.cn/usercenter/OJyAn20251217171745.jpeg)
![[SMM Rare Earth Morning Briefing] Ore prices followed the increase in oxides, and trading activity in the magnetic material market was moderate.](https://imgqn.smm.cn/usercenter/ecUwF20251217171745.jpg)
