Indium tops $600/kg., gives some buyers pause
Mar 04, 2011 | 02:01 PM
| Meredith Mazzilli
Tags
indium,
China,
meredith mazzilli
NEW YORK — U.S. indium prices have broken through the $600-per-kilogram level as Chinese suppliers continue to sit on material.
Domestic traders reported transactions at between $600 and $625 per kg in the past week, up from $570 to $600 a week earlier, and many are confident that prices will rise further even though trading volumes are low.
Supplies of indium out of China have been sporadic since the start of the Chinese New Year in early February, which has pushed prices up from a $510- to $560-per-kg range at the end of January. ....
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