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Japan demand drives indium's recovery, says Zhuzhou Keneng

December 21, 2009 - 02:31 GMT Location: Shanghai

KEYWORDS: Japan , indium , Zhuzhou Keneng

Indium prices for export from China are rising thanks to more buying from Japanese consumers, said Zhao Kefeng, president of Zhuzhou Keneng New Materials Co.

The free market price of indium has risen steadily from mid-November to around $430-440 per tonne, market participants said. Japan, the world’s biggest producer of LCD screens, has finished a long period of indium de-stocking and is in a hurry to rebuild inventories. “The current price rally in indium is driven by rising real demand from overseas, rather than exaggeration,” said Zhao. Zhuzhou Keneng is China’s leading indium supplier and produced around 35 tonnes of crude...

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