The Chinese indium market jumped by 10.2% on Wednesday January 10, according to Metal Bulletin's weekly assessment, after exchanges prices soared.
Chinese domestic indium prices were assessed at 1,650-1,800 yuan ($254-277) per kg on Wednesday, up from 1,550-1,580 yuan per kg previously. The price jump was attributed to increased purchases from investors on the Wuxi Stainless Steel Exchange for delivery before this week, sources told Metal Bulletin. "Trading on the platform [the Wuxi exchange] increased and prices soared to above 1,800 yuan before it fell to 1,725 yuan [on Wednesday], which were higher than the physical...