Fastmarkets' minor metals, ores and alloys team answers some of the key questions raised during our recent web seminar, discussing what could be in store for the minor metals markets now that most of the stocks formerly held by the Fanya Metal Exchange in China have been sold off in auctions.
If you missed it,
follow this link to listen to the free recording.
The whereabouts of minor metal stocks held by the now-defunct Fanya Metals Exchange has been a weight on the outlook of minor metals prices and contract negotiations since the exchange collapsed in 2015.
Did you include the Fanya auctions in your price assessments?
The final price of Fanya auctions was not included in our price assessments.
Fastmarkets' specifications detail a material's characteristics or quality, location, incoterms, payment terms and minimum volumes.
Fanya stocks were abnormally large volumes that would not usually be seen in the spot market, which severely limited the number of potential buyers.
For example, the amount of indium auctioned was 3,594.83 tonnes, representing five to six years'-worth of global supply, while the amount of bismuth - 19,228.05 tonnes - was equivalent to more than one year of global consumption.
Also,...