REVIEW OF 2014: Minor metals see a year dominated by the Fanya exchange

At the end of 2013, the minor metals markets knew that the Fanya exchange was going to be the main driver in 2014. But they could not predict what would happen much beyond that.

And they were right: the Fanya Metal Exchange has certainly remained centre stage.
As the year kicked off, the ever-rising indium and bismuth stocks on Fanya caused indium and bismuth prices to race up in the first quarter, sparking hopes among producers and traders that the slump in minor metals was over its worst.
By February, some traders were reporting difficulties finding a position in the indium market, as producers outside China focused on supplying end-users, at a time when supply was already tight.
And in the bismuth market, producers in China chose to hold back from selling in the hope of further price rises.
With bismuth and indium prices on their way up, the announcement in March that the exchange would be adding tellurium, selenium and antimony contracts sparked interest and speculation over whether these metals would also fall under the influence of the “Fanya effect”.

While none of...

Published

Chloe Smith

December 18, 2014

12:20 GMT

London