World annual primary and secondary production stood at 1,500 tonnes in 2010, Indium Corp said, with demand for indium-tin-oxide (ITO) sputtering targets said to account for around 55% of world demand.
In a separate presentation, Umicore’s Christophe Murez forecast that indium production will total 1,500-1,700 tonnes in 2012, with virgin supply accounting for around a third of total output.
The ITO target market, which Murez said accounts for 75-85% of total consumption, will require around 1,100 tonnes of primary and secondary indium in 2012, with further double-digit growth expected for the coming three years.
But while the forecasts for ITO demand implied a relatively tight market, both Murez and Harrower agreed there will be no great shortage of metal.
Indium Corp estimated proven indium reserves from existing mines at 50,000 tonnes, a volume that will be sufficient to satisfy demand for the next 75 years, while further reserves will be...