Southwestern China's Kunming Intermediate People's court will auction all of the 28,336 tonnes of ammonium paratunsgate (APT) held by the collapsed Fanya Metal Exchange in mid September, according to an official notice seen by Fastmarkets on Friday August 30.
The volume of APT ingots is equivalent to about three months of Chinese output and will be put up for auction from 10am Beijing time on September 16 via the Alibaba judicial online platform, while Fanya's entire antimony stock will be auctioned on August 31. The auction's reserve price is about 2,448 million yuan ($343 million), according to the notice, which works out to around...