Chinese government in talks for Fanya's APT stock sale - sources

March 05, 2019 / www.metalbulletin.com / Article Link

The Chinese government is in talks with local companies, including Minmetals, to sell the ammonium paratungstate (APT) stocks it holds in Fanya Metal Exchange warehouses, sources told Fastmarkets at an industry conference in London last week.

Some 29,651 tonnes of APT are still held by the collapsed Fanya - equivalent to almost three months' output in China. No agreement has been reached so far but sources told Fastmarkets that a joint purchase, including the price of such joint purchase, between three large companies had already been discussed. The timing of the release of the stocks held in Fanya's warehouses has not been agreed yet, sources added. But an agreement to offload the stocks to local companies would rule out a public auction, such as that seen in the indium market. In January, an auction of some indium stocks held at the exchange had failed to attract any bidders. There are 3,629 tonnes of indium - or six...

Recent News

Gold stocks reach new highs on metal price gain

August 25, 2025 / www.canadianminingreport.com

Rise in gold stocks propels TSXV Mining

August 25, 2025 / www.canadianminingreport.com

Market sees gold sector nearing full value overall after target upgrades

August 18, 2025 / www.canadianminingreport.com

Gold stocks gain even as metal pulls back

August 18, 2025 / www.canadianminingreport.com

Gold stocks rocket to new highs, valuations no longer inexpensive

August 11, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok