The auction, which had an opening bid of 790 yuan ($113) per kg, closed at 10am Shanghai time on Monday.
Market participants were surprised that the indium stockpile, which represents roughly five or six years’ worth of global supply, failed to find a home.
“The auction result is beyond my expectation. I thought the indium would be auctioned off this time given the low starting price,” a Chinese trader source said on Monday.
Fastmarkets’ latest price assessment for indium...