Second suspended indium tender proves low buying appetite, sources say

The latest tender from the Chelyabinsk Zinc Plant (CZP) for 500kg of indium, which took place in the week ended April 16, attracted only two bidders and was cancelled, Fastmarkets learned on Thursday April 22.

The previous indium tender, a month earlier, had also been suspended.
CZP is Russia’s largest producer of special high-grade zinc and zinc alloys, and supplies indium as a by-product.
“Usually, when the tender is out, there are more than 10 market participants looking for material,” one of the two bidders, a trader, told Fastmarkets. “But now, demand is poor and it is difficult to generate buying interest.”
“Almost no one attended the tender,” the second bidder said. “Demand is not strong at the moment.”

The tender was suspended beacuse the bids received were far below Fastmarkets’ indium price assessment, sources close to the matter said. A previous tender for a similar volume, which...

Published

Cristina Belda

April 22, 2021

17:30 GMT

London