Tellurium and gallium fall, other minors may follow

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...

Published

Mark Burton

June 08, 2011

15:45 GMT

London