Kunming Rongke New Materials Co won 3,609.5 tonnes of indium formerly held by China's defunct Fanya Metal Exchange in an auction that ended at 10am Beijing time on Saturday January 18.
As the only bidder at the auction, Kunming Rongke secured the stockpile with a bid of around 2.85 billion yuan ($415.4 million), which works out at a price of 790 yuan per kg, according to the official auction result posted on the Alibaba judicial online platform.The success of the latest auction...