Tianjin, China-based Tianjin Mineral Resource Exchange has inked a cooperation agreement with China Citic Bank and China-based Xi'an International Trust Co. (XITC), ahead of the planned opening of the exchange in late August.
Tianjin Mineral Resource Exchange is expected to include both spot transactions and forward transactions.
Tianjin Mineral Resource Exchange officials have stated that upon the establishment of the exchange it will strive to be a major pricing center for domestic and foreign markets