'Panic' selling out of China sends indium prices spiraling downward

Nov 28, 2005 | 09:27 AM |

Indium prices continue to soften as Chinese sellers unload material on the spot market because of concerns that prices could weaken further.

The specialty metal, used primarily in flat-screen televisions, has fallen $100 per kilogram to a range of $840 to $880 per kg., and traders are predicting prices could fall below $800 before year-end.

Demand has softened as Japanese consumers stay out of the spot market and Chinese sellers slash prices ahead of further predicted price erosion, traders said.....

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