Fanya - the full story


The Fanya exchange in Kunming, China, has been a powerful force in the minor metals market since 2011. But investors in the bourse are now clamouring to know where their money has gone. View all Metal Bulletin's articles on the exchange here

2017 PREVIEW: Unresolved Fanya stocks cast shadow over China's minor metals market
January 11, 2017 09:30 GMT Shanghai 
Chinese commodities prices received a boost with the start of nationwide environmental inspections in the third quarter of 2016, and the subsequent shutdown of several smelters has led to a surge in some minor metals prices. But uncertainty surrounding the release of vast inventories from the collapsed Fanya Metals Exchange continues to weigh heavily on China's minor metals market. Read more

2016 REVIEW: Most Chinese minor metals stage recovery following the fallout of Fanya's collapse
December 30, 2016 11:30 GMT Shanghai 
The majority of Chinese minor metals prices have rebounded from lows in 2016 amid joint production cuts, positive sentiment within the commodities market and purchases from the country’s State Reserve Bureau (SRB). Read more

Twenty face prosecution for Fanya's 'illegal fund-raising'; lengthy investigation, trial expected to lock up minor metals stocks
August 02, 2016 11:30 GMT Shanghai 
Twenty people alleged to have been major figures in illegal fund-raising by the Fanya minor metals exchange have had their cases transferred to the Kunming City prosecution office for investigation and prosecution. Read more

Yunnan tells Fanya investors to make claims before end-June 
June 23, 2016 13:17 GMT Shanghai
Yunnan's regional government has urged investors in the collapsed Fanya minor metals exchange to put in claims for their investments before the end of June, according to a statement on the Kunming local government website on June 22. Read more

CHENGDU MINOR METALS CONF: Ghost of Fanya haunts China's minor metals market
May 18, 2016 11:38 GMT Shanghai 
Chinese minor metals markets will remain challenging, amid oversupply and Fanya inventory concerns, an industry association official told the Minor Metals Forum in Chengdu this month. Read more

China's indium exports in March skyrocketed 81 times y-o-y after Fanya's collapse 
April 25, 2016 10:48 GMT Shanghai
China exported 8,264kg of indium in March 2016, 81 times more than in the same period of 2015, according to the latest China's customs data. Read more

MINOR METALS CHINA - March: Selenium prices fall sharply; indium prices rise; antimony dips
April 13, 2016 11:18 GMT Shanghai 
Chinese selenium prices fell rapidly in March on oversupply and weak demand; indium prices rebounded on export orders plus purchases by a major market participant for delivery to the State Reserve Bureau (SRB); while antimony, bismuth, germanium and gallium prices were all slightly lower on shrinking demand and plentiful supply. Read more

Fanya investors fret over lack of progress on their missing money [UPDATED]
March 23, 2016 16:40 GMT Shanghai
Fanya investors are concerned by the lack of information coming out of the investigation into the collapse of the Kunming-based minor metals exchange since arrests were made in early February. Read more

Fanya investors take their protest to the banks
March 17, 2016 12:12 GMT Shanghai
Fanya investors protested at banks in Shanghai, Kunming, Taiyuan, Fuzhou, and Ningbo on Saturday March 12, in the latest phase of their campaign to recover their lost money. Read more

FANYA: What will happen to its stocks of minor metals?
March 11, 2016 13:26 GMT Shanghai
Market players in indium, bismuth and germanium are concerned about what will happen to the vast stocks held by the collapsed Fanya minor metals exchange, given the market is struggling with low prices. Read more

Fanya chairman among 16 suspects arrested by Kunming government
February 11, 2016 - 12:47 GMT Singapore
Kunming Municipal People's Procuratorate, the local prosecuting body, has arrested 16 key suspects, including Fanya's chairman Shan Jiuliang, as part of its investigation into the activities of the minor metals bourse, the Yunnan regional government said in a statement on February 5. Read more

Fanya Metal Exchange founder arrested; 1,000 protesters moved on
January 28,2016 - 14:40 GMT London
Shan Jiuliang, the founder and chairman of the Kunming-based Fanya Metal Exchange, was arrested in December, leaked police documents reveal. Read more

2016 PREVIEW: Major strife ahead for minor metals producers in China
January 08,2016 - 07:00 GMT Shanghai
Last year was not an easy one for China's minor metals producers. But what lies ahead for these markets in 2016? Read more

HOTLINE: Five things we did expect to happen in 2015
January 01, 2016 - 12:00 GMT Location: London
Hotline takes a look back at some of the big developments of 2015 that were accurately predicted by its reporters and contacts. Read more

TIMELINE 2015: The Fanya crisis
December 30, 2015 - 12:00 GMT Location: Singapore
In minor metals, Fanya was the word on everyone's lips this year, after the capital chain of the Chinese bourse broke down, and its investors sought to get back their funds. Read more

REVIEW OF 2015: The collapse of the Fanya Metals Exchange
December 30, 2015 - 07:00 GMT Location: London
Since its inception back in 2011, the Fanya Metals Exchange has loomed large on the minor metals markets, and particularly indium, but this year the exchange fell apart. Read more

Chinese police will investigate Fanya Metal Exchange
December 24, 2015 - 07:54 GMT Location: Singapore
The Fanya Metal Exchange, based in Kunming, south-western China's Yunnan province, has been put on file for investigation by the police, according to the Kunming government. Read more

Kunming sends accountants to audit Fanya; Fanya official website suspended again
November 16, 2015 - 11:39 GMT Location: London
The Kunming municipal government has appointed Da Hua Certified Public Accountants to audit the Fanya minor metals exchange's trading data and financial data. Read more 

Fanya's official website temporarily stops on Friday morning
November 13, 2015 - 11:37 GMT Location: London
Fanya's official website temporarily stopped running on Friday morning, which its authorised agency said was due to it being taken over by the local government. Read more

Kunming sends 'clean-up' team to Fanya; many protester detainees still in custody
October 30, 2015 - 11:23 GMT Location: London
The Kunming municipal government has sent a team to the Fanya minor metals exchange to do the on-the-spot work required to resolve the crisis. Read more

Yunnan government deciding whether Fanya should face fraud charges
October 27, 2015 - 12:20 GMT Location: London
The Yunnan regional government in China has said it is now deciding whether the Fanya minor metals exchange should face fraud charges. Read more

Yunnan government presses Kunming to safeguard Fanya investors' legal interests
October 19, 2015 - 12:18 GMT Location: London
The Yunnan regional government has told the authorities in the city of Kunming to safeguard Fanya investors' legal interests, it said on Saturday October 17. Read more

Fanya changes debt-restructuring plan as objections roll in
October 12, 2015 - 11:18 GMT Location: Shanghai
The Fanya minor metals exchange is adjusting its debt-restructuring plan in response to "a lot of objections", the bourse said on Sunday October 11. Read more

LME WEEK: The Fanya effect
October 12, 2015 - 10:02 GMT Location: London
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. Read more

LME WEEK: No progress on warehouses in China
October 12, 2015 - 13:11 GMT
The London Metal Exchange has not prioritised efforts to list its warehouses in China, HKEx ceo Charles Li told delegates at the exchange's annual Metals Seminar in London. Read more

China's indium exports down by a quarter in August
September 29, 2015 - 09:56 GMT Location: Shanghai
China's exports of indium in August fell by almost a quarter month-on-month as the metal's price moved down quickly on market participants' growing concerns about Fanya. Read more

Chinese unwrought bismuth exports continue to plunge in August
September 29, 2015 - 07:34 GMT Location: Shanghai
After a 91% year-on-year drop in July, China's bismuth exports decreased further last month as overseas buyers stopped purchases due to the crisis surrounding Fanya. Read more

Fanya warns investors to accept restructuring offer or watch it liquidate and get nothing
September 25, 2015 - 13:52 GMT Location: MB offices
The Fanya minor metals exchange has told investors that they should accept its share restructuring because if it is forced into liquidation they will get nothing. Read more

Fanya will stop consultation on restructuring plan by end-Sept
September 23, 2015 - 07:36 GMT Location: London
The Fanya minor metals exchange intends to close an opinion soliciting period on its restructuring plan by the end of this month, the bourse said on Wednesday September 23. Read more

Fanya protest in Beijing urges government intervention
September 22, 2015 - 11:52 GMT Location: MB offices
More than a thousand Fanya investors gathered outside the headquarters of China's financial regulator in Beijing on Monday September 21 to demand the central government steps into the crisis. Read more

Fanya consults investors on recouping payments
September 21, 2015 - 11:53 GMT Location: MB offices
More than two weeks after the Fanya Metals Exchange delayed the rollout of its new trading system, it has contacted investors to propose possible ways to help recoup their investments. Read more

China's bismuth exports slump in July
September 01, 2015 - 11:54 GMT Location: Shanghai
China's bismuth export volume plunged both month-on-month and year-on-year in July as buyers cut purchases after the Fanya crisis erupted. Read more

Fanya delays new trading system; investors gather in Yunnan and Xinjiang
August 31, 2015 - 12:55 GMT Location: London
The Fanya Metal Exchange has delayed the launch of its new spot trading system that was expected to be rolled out on September 1. Read more

COMMENT: What prices will Fanya go for?
August 28, 2015 - 16:08 GMT Location: London
The Fanya Metal Exchange has said that its 'members' existing interests will be registered at the metals prices recorded at the close of the market on Friday August 28. Read more

Fanya to halt stock-financing business from August 28
August 25, 2015 - 11:32 GMT Location: London
The Fanya minor metals exchange will stop its stock-financing business and act only as a platform for spot trading after August 28, the bourse said on Tuesday August 25. Read more 

Fanya chairman captured by investors; talks held in presence of Shanghai police
August 24, 2015 - 11:40 GMT Location: London
Furious investors seized Shan Jiuliang, chairman of the Fanya Metal Exchange, at the weekend, and handed him over to the Shanghai police force, leading to talks between investors and Shan in front of the police. Read more

Yunnan banking regulator looks into Fanya; police response waits on official decision
August 21, 2015 - 09:14 GMT
The Yunnan branch of the China Banking Regulatory Commission (CBRC) has set up a panel to decide whether the Fanya minor metals exchange should be investigated for economic crime, sources told Metal Bulletin on Thursday August 20. Read more 

YUAN DEVALUED: Indium trading limited on Fanya concerns
August 12, 2015 - 11:59 GMT Location: Shanghai
Indium prices were relatively stable on Wednesday August 12, although trading was very slim amid lingering concerns over the Fanya Metal Exchange. Read more 

Fanya investors ask city police forces to investigate the exchange
August 11, 2015 - 11:43 GMT Location: London
Fanya investors have reported the bourse to the police forces of major Chinese cities including Beijing, Shanghai, Shenzhen, Chengdu and Kunming, according to sources. Read more 

Fanya official refuses to let investors take metal, and demands high June prices [UPDATED WITH PHOTOS]
August 06, 2015 - 12:32 GMT Location: London
Fanya investors have so far not been allowed to remove any metal from the Kunming warehouse, according to sources close to the situation. Read more 

Fanya suspends Fanrong payments; investors occupy warehouse
August 05, 2015 - 11:56 GMT Location: Shanghai
The Fanya Metal Exchange has suspended daily payments to investors who had transferred their holdings to Fanrong, and will also not be signing Fanya's 24-month due payment contracts or Fanrong's 18-month due payment contracts with customers. Read more 

LORD COPPER: Just how shocked should Fanya investors be?
August 04, 2015 - 14:16 GMT Location: London
News that Fanya's investors have been rushing to the exchange's Kunming sheds highlights the desperate times for the minor metals bourse. Lord Copper has sympathy for the shocked investors - up to a point. Read more

Investors rush to sheds in attempt to reclaim metals from Fanya
August 04, 2015 - 12:29 GMT Location: London
About 70 Fanya investors claimed metals from the minor metals exchange's warehouses on Tuesday August 4 as they tried to recover their investments. Read more 

Five reasons the indium market is paying attention to Fanya
July 24, 2015 - 10:00 GMT Location: London
Metal Bulletin considers why indium market participants are keeping a close watch on proceedings at the Fanya Metal Exchange. Read more

Amer International cited as possible Fanya saviour
July 23, 2015 - 05:08 GMT Location: London
The Fanya Metal Exchange may have located an investor in the form of global manufacturing company Amer International. Read more

Fanya investors gather to ask Yunnan government for help
July 20, 2015 - 12:26 GMT Location: Shanghai
More than 400 investors who bought financial products on the Fanya Metal Exchange gathered at the government building on Monday morning, in Kunming, Yunnan province, where the exchange is based, to ask for help and to demand an investigation into who is responsible for the current situation on Fanya. More 

Fanya crisis - MMTA's decision to keep its distance proven correct
July 20, 2015 - 13:01 GMT Location: London
As investors protest to the Yunnan provincial government in China, minor metals trader Anthony Lipmann considers some of the lessons that should be learned from the Fanya crisis. More

FANYA CRISIS EXPERT VIEW: Surely someone is looking at a $3.1bn loss?
July 20, 2015 - 15:23 GMT Location: London
Chinese investors have come in for a nasty shock over their indium investments on Fanya; now it could be the turn of the banks, says a minor metals trader. More

What are the options for disgruntled Fanya investors?

July 15, 2015 - 15:48 GMT Location: London
As investors rally round looking for answers from the Fanya Metal Exchange about where their money has gone, Metal Bulletin looks at the new options available to them. More
FACT BOX: Minor metals on Fanya
July 17, 2015 - 09:33 GMT Location: London
The Fanya Metal Exchange was established in Kunming, China in April 2011 as a spot trading exchange for minor metals, providing a link between local producers and private investors. More 

Fanya officials meet with Shanghai investors
July 16, 2015 - 13:00 GMT Location: Shanghai
A Fanya Metal Exchange official called on investors to be "more patient" and "have faith" in the bourse on Thursday July 16 in Shanghai. Read more

Fanya says it plans to buy back investors' metal with funds from producers
July 15, 2015 - 11:42 GMT Location: Shanghai
Fanya Metal Exchange said on Wednesday July 15 it is planning repurchase agreements to buy back 5 billion yuan worth of metals from investors, using funds from producers. Read more

800 investors gather at Fanya to demand their cash back
July 14, 2015 - 14:33 GMT Location: Shanghai
More than 800 investors, some of whom have invested hundreds of thousands or milllions of yuan of their own cash in financial products on the Fanya Metal Exchange, gathered at the bourse last night in Kunming, south-western China's Yunnan province, to demand their money back. Read more

Some investors unable to withdraw cash invested in metal on Fanya
July 14, 2015 - 07:30 GMT Location: Shanghai
Some people who invested money in metal on the Fanya Metal Exchange have not been able to withdraw the value of their investment, according to sources in China. Read more

Fanya suspends indium, germanium, bismuth investor applications
July 13, 2015 - 15:15 GMT Location: Shanghai
The Fanya Metal Exchange has suspended accepting applications from companies to sell indium, germanium and bismuth on the exchange between June 23 and August 31. Read more

INTERVIEW: Exposure to global prices will reduce Fanya-spot spread, says gm of global markets
July 02, 2015 - 12:46 GMT Location: London
With Fanya's new offshore board due to launch in the next few months, Metal Bulletin spoke to the exchange's new gm of global markets Dennis Zhang - formerly of Blackrock, CITIC and Thomson Reuters - to find out how the board will work and what will happen with the stocks. Read more

SPOTLIGHT: How things work on Fanya now...
July 02, 2015 - 14:56 GMT Location: London
A certain exchange in mainland China has risen to become the most prominent in the minor metals markets since it was launched four years ago in Kunming, in south-western China's Yunnan province. Read more

What is Fanya's new offshore board? - Zhang explains
July 02, 2015 - 13:09 GMT Location: London
Fanya's new exchange, which it terms its offshore board because it is intended to appeal to international investors, will be at its Xiamen Fanya Mercantile Exchange Centre, where rare earths are currently listed. Read more

Fanya launches online financing platform Fanrong
May 29, 2015 - 10:52 GMT Location: Shanghai
The Fanya Metal Exchange's online financing platform started operation on Friday May 29. Read more

Fanya could launch 'offshore' exchange in Q3
May 21, 2015 - 11:34 GMT Location: London
Fanya Metal Exchange is planning on opening itself up to Western investors as early as the third quarter of this year, while its financing tool, Fanrong, is slated to begin operations at the end of this month, an executive from the exchange told Metal Bulletin. Read more

MMTA CONF 2015: Fanya concerns crystallise downbeat mood
April 28, 2015 - 07:15 GMT Location: London
On the eve of the Minor Metal Assn's annual conference, this year being held at the Fairmont Hotel in Toronto, it very much seems that the one thing still on the collective mind of the market is the confusing and improbable Fanya Exchange. Read more

Imagi, top executives at Fanya plan to develop major commodities trading platform
April 01, 2015 - 15:05 GMT Location: London
Imagi International, working with two top executives from the Fanya exchange, plans to develop a major commodities trading platform and a related internet-based finance business, the company said in its 2014 annual report. Read more

Fall in indium, bismuth stocks on Fanya caused by delayed payments to suppliers
March 19, 2015 - 16:50 GMT Location: London
The fall in indium and bismuth stocks on the Fanya Metal Exchange last week was caused by a delay in payments for material delivered onto the exchange, which pushed some suppliers to withdraw their metal, sources told Metal Bulletin. Read more

Bismuth prices at five-year low as stocks on Fanya fall
March 19, 2015 - 12:12 GMT Location: London
Bismuth prices fell to a five-year low this week, as a drop in stocks on the Fanya Metal Exchange and weak end-user demand pushed prices lower. Read more

Why 5N Plus is so exposed to a Chinese minor metals exchange...
March 16, 2015 - 13:22 GMT Location: London
5N Plus' profits slumped in the fourth quarter of 2014, driven by a crash in bismuth prices caused by recent developments on the Fanya Metal Exchange. But why is minor metals refiner based in Canada so exposed to a Chinese exchange? Read more

Fanya adjusts financing rates for its contracts
March 12, 2015 - 10:50 GMT Location: Shanghai
The Fanya Metal Exchange has announced its decision to adjust financing rates across all of its listed contracts, according to a statement dated March 10. Read more

Bismuth stocks on Fanya rise for first time since official probe
March 06, 2015 - 16:05 GMT Location: London
Bismuth stocks on the Fanya Metal Exchange rose on Friday March 6 for the first time in three months, in a move that could lend some stability to the bismuth market. Read more

Bismuth prices fall further; some producers resist lowering offers
March 04, 2015 - 15:25 GMT Location: London
Bismuth prices fell further this week, as sentiment remained low on a lack of demand and continued absence of the Fanya Metal Exchange from the market. Read more

5N Plus sees Fanya coming back to bismuth market, prices stabilising
February 25, 2015 - 15:35 GMT Location: London
Speciality metals producer 5N Plus expects the Fanya Metal Exchange "or something similar" to come back into the bismuth market, providing some stability to prices. Read more

5N Plus posts $2.5m net loss in Q4, higher earnings in 2014
February 25, 2015 - 10:23 GMT Location: Shanghai, London
Minor metals supplier 5N Plus posted a net loss in the fourth quarter of 2014, as price volatility driven by developments on the Fanya metal exchange muted demand. Read more

A closer look at two top executives behind the Fanya Metal Exchange
February 23, 2015 - 12:33 GMT Location: London
Since the Fanya Metal Exchange's inception in 2011, it has incited curiosity in the minor metals markets as growing stockpiles drove indium prices up 55% and bismuth up 65% at their peak, with many struggling to understand how it worked and who was behind it. Read more

Fanya Group, Jiangxi Energy Group launch coal exchange
January 19, 2015 - 10:40 GMT Location: Shanghai
China's Fanya group has jointly launched a new coal exchange, trading anthracite, bituminous coal, coking coal and raw coal. Read more

Fanya Metal Exchange rejects claims it has halted payments to suppliers
January 15, 2015 - 16:35 GMT Location: Shanghai, London
The Fanya Metal Exchange has rejected claims that it has stopped paying for material delivered onto the exchange. Read more

Fanya exchange publishes new membership rules
January 15, 2015 - 12:47 GMT Location: London
The Fanya Metal Exchange has published new rules to govern investor trading on the Fanya exchange. Read more

Antimony prices plummet on panic selling
January 15, 2015 - 10:35 GMT Location: London
Antimony prices tumbled on Wednesday January 14, as traders cut offers on a slump in sentiment driven by a lack of demand and concerns over the Fanya Metal Exchange. Read more

POLL: Indium stocks on Fanya most likely to stay level or fall in 2015, market says
January 14, 2015 - 16:55 GMT Location: London
In 2014, indium stocks on the Fanya Metal Exchange rose by more than 1,500 tonnes. But this year stocks are expected to either remain stable or fall, according to a recent online poll. Read more

Fanya trading volume tumbles on lower interest from retail investors - sources
January 12, 2015 - 09:57 GMT Location: Shanghai
Total trading volumes on the Fanya Metal Exchange have dropped to less than one-tenth of their previous peaks, according to the exchange's statistics. Read more

Antimony market braced for further price falls
January 12, 2015 - 11:20 GMT Location: London
The antimony market faces a weak outlook for 2015, as a continued lack of demand and reduced support from the Fanya Metal Exchange are likely to keep prices falling, sources told Metal Bulletin. Read more

LORD COPPER: The year that was...
January 07, 2015 - 12:55 GMT Location: London
Well, it's that time again, for looking back at the passing year. Read more

UPDATE: Chinese indium producers start selling to overseas market
December 23, 2014 - 12:00 GMT Location: London
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. Read more

HOTLINE: Ten things we didn't expect to happen in 2014
December 23, 2014 - 12:30 GMT Location: London
Hotline takes a look back at the jaw-dropping moments of 2014. Read more

REVIEW OF 2014: Minor metals see a year dominated by the Fanya exchange
December 18, 2014 - 12:20 GMT Location: London
At the end of 2013, the minor metals markets knew that the Fanya exchange was going to be the main driver in 2014. But they could not predict what would happen much beyond that. Read more

Indium plunges further on liquidity concerns
December 15, 2014 - 08:32 GMT Location: Shanghai
Indium prices in China tumbled 3.3% last week as policy uncertainties over the Fanya Metals Exchange knocked market confidence and caused a rush to the exit. Read more

Antimony prices drop further into 'uncharted territory'
December 12, 2014 - 17:50 GMT Location: London
Antimony prices dropped on Friday December 12, as producers pushed to liquidate stock, leaving the market speculating over when prices will hit their floor. Read more

Fanya uncertainty weighs on bismuth, indium as suppliers push to sell
December 11, 2014 - 12:25 GMT Location: London
Uncertainty about the Fanya Metal Exchange continued to weigh on indium and bismuth prices this week, as suppliers were keen to rid themselves of material on doubts over the outlook for the exchange. Read more

Fanya enhances risk management measures
December 09, 2014 - 04:49 GMT Location: Shanghai
The Fanya Metal Exchange has announced revised trading rules for public consultation with focus on risk management, according to its latest statement on December 8. Read more

Fanya suspends stockpiling for inspection
December 08, 2014 - 10:27 GMT Location: Shanghai
The Fanya Metals Exchange has paused its commercial stockpiling of minor metals to conduct an inspection of its stocks. Read more

Indium, bismuth plummet in China ahead of new trading rules
December 04, 2014 - 07:46 GMT Location: Shanghai
Prices of indium and bismuth dropped sharply this week as investors sought to liquidate positions ahead of new trading rules being adopted by Fanya. Read more

The investigation into Fanya: what happened and why
December 03, 2014 - 12:35 GMT Location: Shanghai
The Fanya Metals Exchange last week bowed to government pressure and adjusted its trading rules, sparking discussion in the market about why this happened, and what the implications are. Here, Metal Bulletin looks at the background to the government action and the exchange's rule changes. Read more

Metal market reacts with caution to Fanya changes
December 03, 2014 - 12:23 GMT Location: Shanghai
Minor metals market participants are reacting with caution, but not yet alarm, amid speculation over regulatory action against the Fanya Metals Exchange. Read more

Indium buyers hesitant to sign long-term contracts amid Fanya uncertainty
December 03, 2014 - 16:00 GMT Location: London
Indium buyers are wary of signing long-term contracts for next year and are instead opting to buy more metal on the spot market amid uncertainty sparked by changes to rules on the Fanya exchange, sources told Metal Bulletin. Read more

Indium, bismuth prices fall in China after Fanya rules change
November 26, 2014 - 13:05 GMT Location: Shanghai
Indium and bismuth prices have dropped in China after Fanya Metal Exchange announced it had changed its trading rules in response to official demands. Read more

Fanya Exchange adopts new rules after official probe
November 25, 2014 - 04:44 GMT Location: Shanghai
The Fanya Metal Exchange has agreed to make changes to its trading rules in order to get continued approval from official regulators. Read more

Fanya Exchange triggers stabilisation fund
November 12, 2014 - 07:08 GMT Location: Shanghai
The Fanya Metal Exchange has for the first time activated a buffer fund established to ensure sufficient liquidity for its minor metals contracts. Read more

HOTLINE: Indium, Ninja Turtles and the Fanya exchange
October 29, 2014 - 15:05 GMT Location: London
What do indium and the Teenage Mutant Ninja Turtles have in common? As Hotline has just learnt: The Fanya Metal Exchange. Read more

Indium lower amid thin trading; concerns on exchange sustainability
August 20, 2014 - 10:21 GMT Location: Shanghai
Indium was marginally lower in China on tightening payment terms for exchange delivery and concerns over exchange sustainability, according to market participants. Read more

POLL RESULTS: Fanya has not removed volatility from the minor metals markets
August 07, 2014 - 15:15 GMT Location: London
The Fanya Metal Exchange has not removed volatility from the minor metals markets, according to the results of an online poll. Read more

Key stories of H1: Fanya Metal Exchange's growing influence
July 15, 2014 - 18:20 GMT Location: London
As part of Metal Bulletin's series looking back over the first half of 2014, Chloe Smith looks at the key events in the minor metals market. Read more