Article

CME Group is developing the world's first futures contract for rare earths, specifically neodymium and praseodymium (NdPr), to help manage financial exposure in a sector dominated by China. This initiative aims to support governments and companies in reducing dependence on Chinese processed materials, which account for 90% of the market. Although CME has not finalized any plans, the move reflects the increasing importance of rare earths in U.S. strategic mineral production efforts.