LME WEEK: The Fanya effect

For the past three years, the Fanya Metal Exchange in Kunming, China, has supported the country’s indium industry, encouraging new producers to help fulfil demand for the metal, driving the on-exchange stocks up to about six years’ worth of supply.

Initially, the stock growth did not worry the international market much because China’s domestic production was being absorbed by the exchange, and prices for the metal rose above $800 per kg – the highest level since 2006. However, markets have since grown wary...

Published

October 12, 2015

10:02 GMT

London