Many minor metals saw strong price rises at the beginning of the year, prompting buyers to rush into the market early leaving the markets unusually quiet during March and April.
“It is not normal. March, April and May are normally quite busy. June and July is the summer slowdown, and before that there should be lots of things happening,” a minor metals processor said.
One participant in the indium spot market said there is “nothing but the sound of chirping crickets,” as many consumers had already covered themselves for the second quarter.
“At the start of this year, indium was around $600-670, trending up, and going over $700 by the first week...