Copying and distributing are prohibited without permission of the publisher

Tellurium and gallium fall, other minors may follow

June 08, 2011 - 15:45 GMT Location: London

KEYWORDS: tellurium , gallium , selenium , bismuth , minor metals , prices , decline , summer , seasonal

Tellurium and gallium fell on Wednesday as a summer slowdown beset minor metals markets, prompting sources to point to further corrections

MB free market tellurium fell to $350-410 per kg on Wednesday from $360-420 per kg previously, while gallium fell to $890-980 per kg from $900-1,000 per kg. Trading activity across all minor metals is growing increasingly thin as consumers begin to absent themselves from the market for the summer period, sources said. Tellurium and gallium both rose markedly earlier this year in a rally seen across many minor metals, but end-users are no longer supporting prices that were driven up in part by speculative buying, sources told MB on Wednesday. “Tellurium is probably going to drift further because it’s just too expensive at the moment,” a refiner told MB. “It’s the same story with gallium. Are consumers still...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.

If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.

A standard subscription include one year's worth of news and prices. You can also upgrade to the full archive and benefit from more than 13 years of intelligence. Start your subscription today.

Free trial

Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.

Free trial

Already have an account?

Minor & Precious Metals

May 24, 2012 00:15 PolyMet expects review by 1st qtr.
May 24, 2012 00:12 Electrolytic manganese sale price irks market
May 23, 2012 19:51 Trevali buys mill to ease Halfmile start-up
May 23, 2012 17:01 MB NON-FERROUS PRICE CHANGES
May 23, 2012 15:47 Ferro-titanium prices dwindle as suppliers lower ambitions

Comment & analysis

EXPERT VIEW FROM ERNST & YOUNG: Horror week favours the brave

Seven days is a long time in the investment world, but last week must have felt longer than most.
COMMENT: When super-cycle poster child BHP Billiton trims its plans...

BHP Billiton is one of the poster children for the commodities super-cycle: a mining company whose immense upstream assets in copper and iron ore have fed the industrialisation of China since the early years of the 21st century and enabled it to return $52 billion to shareholders between 2001 and 2011.
LORD COPPER: There is nothing to fear after JP Morgan loss ...

So, here we go again. Another bank, another huge trade gone bad. This one doesn’t even appear to have been a case of rogue trading; a whole desk seems to have been operating with the full knowledge of the management and/or risk committee.