CME Group Plans First Rare Earth Futures Contract to Break China’s Pricing Power

CME Group is developing plans to launch the world’s first futures contract for rare earth elements, three sources familiar with the matter told Reuters. The move could reshape how the West finances and prices materials critical to electric vehicles, wind turbines and military hardware. The Chicago-based exchange is working on a contract combining neodymium and […] The post CME Group Plans First Rare Earth Futures Contract to Break China’s Pricing Power appeared first on the deep dive.