The spot price for gallium in China's domestic market edged up on Wednesday August 7 after suppliers were unwilling to sell cargoes below 1,000 yuan ($142) per kg in response to announced production halts by major producers in the country.
Fastmarkets assessed the price of gallium 99.99% Ga min, in-whs China at 1,000-1,020 yuan per kg on Wednesday, narrowing upward by 10 yuan per tonne from 990-1,020 yuan per kg in the prior week. Beijing Jiya Semiconductor Material Co, one of China's largest producers of gallium, plans to halt production for around two months with effect from August 10, a source from the company told Fastmarkets on Wednesday.The Beijing-headquartered company decided to halt production after its raw material supplier, Aluminium Corp of China's (Chalco) Shanxi aluminium plant, was ordered by the local government to halt production to undergo upgrades after failing to...