RPT-Fanya indium stockpile sold to Kunming Rongke for $416 mln in China auction
A vast stockpile of the indium
formerly held by China’s Fanya Metal Exchange was sold on
Saturday, in a second attempt, as Kunming Rongke New Materials
bid around $416 million for the hoard.
The fate of the 3,609.46 tonnes of indium – several years’
worth of global supply of the metal used in flat-panel displays
– was being closely watched by minor metals traders and Fanya
creditors seeking to reco
formerly held by China’s Fanya Metal Exchange was sold on
Saturday, in a second attempt, as Kunming Rongke New Materials
bid around $416 million for the hoard.
The fate of the 3,609.46 tonnes of indium – several years’
worth of global supply of the metal used in flat-panel displays
– was being closely watched by minor metals traders and Fanya
creditors seeking to reco
Posted by Reuters
