This comes amid uncertainty over the Fanya Metal Exchange, after it announced an official probe and changes to its rules
One indium consumer is in the process of negotiating a deal to buy indium from one of the top Chinese suppliers through the official export route, which he said was made feasible, in part, by a sharp drop in the crude indium price.
“The crude price has dropped more than the indium metal price, so the [producer’s] margin is better than before,” the buyer said. He added that the supplier is also looking to sign a contract for next year, as crude indium producers themselves are pushing for annual long-term contracts.
Another consumer has reported receiving a shipment of indium from China via Hong Kong for the first time in two and a half years, which...