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Market mulls indium outlook as rally slows

May 18, 2011 - 14:50 GMT Location: London

KEYWORDS: indium , prices , China , Japan , consumer , resistance , Fanya , Exchange , speculation

Indium rose on Wednesday but resistance to higher prices is creeping into the consumer market, sources told MB

Rotterdam-basis indium rose to $800-$870 per kg on Wednesday, from $795-$860 per kg previously, but the volume of reported business into the consumer market was thinner than in previous weeks. Indium has risen rapidly since mid-February, when prices stood at $535-605 per kg, as strong domestic demand in China has caused international consumers to bid higher. But the speculative nature of the price rally in...

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