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KM Financial Solutions | Fanya indium stockpile sold to Kunming Rongke for $416 mln in China auction
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Fanya indium stockpile sold to Kunming Rongke for $416 mln in China auction

17 Jan Fanya indium stockpile sold to Kunming Rongke for $416 mln in China auction

Posted at 03:34h in News by
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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 recover their money after the bourse
collapsed in 2015.
Kunming

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