Copying and distributing are prohibited without permission of the publisher

China's indium prices rally as government steps up pollution response

February 06, 2012 - 06:45 GMT Location: Shanghai

KEYWORDS: China , indium

China’s indium prices are rising quickly as environmental checks are ramped up in Guangxi province after a pollution scare.

On the spot market, refined indium rose above 3,600 yuan ($569) per kg on Monday, compared with 3,400-3,550 yuan per kg last Friday. Some are even offering as high as 3,800 yuan per kg, traders told Metal Bulletin. Officials in Hechi, Guangxi said that the Hechi government is determined to relocate all local smelters to industrial parks by 2015, otherwise the smelters will be shut down,...

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 10:04 Rubamin ceases production of cobalt; Chemlock diversifying
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

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.