1. Influence on prices
The exchange has had a huge influence on indium prices (and minor metals in general) since it started in 2011. Arguably its current problems represent the most significant event since the Metaleurop Nord closure
at the start of 2003, together with a slowdown in Chinese production, started a period of tighter supply and higher prices.
Prices were at $90-115 per kg at the start of 2003 before events at Metaleurop took supply out of the market
, and continued to rise to a peak of $1,010-1,070 per kg by March 2005, with only a brief pause in the summer of 2004 stemming the rise. The financial crisis brought prices crashing down, and by the summer of 2009, they were languishing at $300-380 per kg.
Indium, along with the rest of the world, eventually began to recover, and prices stabilised in a range of $520-650 per...