Indium price drops but poised to bounce back
Nov 04, 2005 | 04:23 PM
| Sean Barry
Indium is coming under downward pressure as Chinese producers slash prices and consumers shy away from the spot market following the specialty metal's rally to more than $1,000 a kilogram.
Falling demand is expected to continue until the end of the year as Japanese consumers live off contracts and wait for prices to bottom out before re-entering the market, trade sources said.
Indium, used primarily in flat-screen televisions, has fallen below the $1,000-a-kg mark, with some traders reporting business in the low- to mid-$900-a-kg range.....
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