Stocks, Commodities & Forex Trading

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China South Rare and Precious Metal Exchange Incorporates in Hunan, China

September 3, 2011 by Samuel Chong

Also see China South Rare and Precious Metal Exchange, Lost in Translation

Hunan, China - China South Rare and Precious Metal Exchange Inc. (CSRPME) is formally incorporated in September 2011.  China South Rare and Precious Metal Exchange (CSRPME) will specialize in the spot metal trading, settlement, quality control, as well as providing other services for a variety of rare and precious metals such as silver, platinum, bismuth, tellurium, indium, molybdenum, tungsten, magnesium, antimony, germanium, lead, zinc, tin, manganese, titanium and other rare and precious metals.

China South Rare and Precious Metal Exchange Inc. (CSRPME) invested 260 million Yuan, covering about 189 acres. The construction project will be in two phases with the first investment phase of about 40 million Yuan, and the second investment phase of 220 million Yuan.

It is projected that the trading volume of China South Rare and Precious Metal Exchange Inc. (CSRPME) will reach 200 billion Yuan per year, and that CSRPME will become one of the most important metal exchanges in the world.

Within the next 3 or 5 years, China South Rare and Precious Metal Exchange Inc. (CSRPME) plans to invest an additional 2 to 3 billion Yuan to establish 100 additional warehouses for settlements.

"It is consistent with the idea of having China, one of the most important rare earth metal producers in the world, to be the trading center for rare and precious metals." says Feng Yuan, one of the first traders of CSRPME. 

"As China becomes more and more important, both as a producer and a consumer of such metals, they will have more say to the pricings as well." Says Peter Garland, a director of a trading company in China.