UPDATE: Chinese indium producers start selling to overseas market

China's indium producers have started selling material to the overseas market, almost three years after the country became a net importer of material, sources told Metal Bulletin.

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...

Published

Chloe Smith

December 23, 2014

12:00 GMT

London