Indium Prices Surge

April 18, 2024

It is reported that the global and China indium reserves, production, and import and export of raw materials supply are tight, and the global non-ferrous metals seem a general rise. In addition, under the current favorable impact of storage expectations, some speculative funds and the rigid force are ready to accept the high-priced resources, the confidence is gradually recovering, and the overall indium market has been pushed up soon. This week, the indium ingot price rose from 2,000 yuan per kilogram to 2,450 yuan per kilogram.

Indium is a silvery white sparse metal with strong corrosion resistance, high ductility, low melting point, and good superconductivity. Metal indium is mainly used in producing ITO targets (for producing liquid crystal displays and flat screens, etc.), followed by solder and alloy fields, and electronic semiconductor fields. Therefore, indium is widely used in the electronics industry, aerospace, alloy manufacturing, new materials for solar cells, and other high-tech fields.

Indium, an important dispersed metal, has been listed as a key mineral by important economies such as China, the European Union, the United States, and Japan. Globally, indium consumption has been on the rise in recent years, and with the development of science and technology and society, the global demand for indium is expected to increase gradually.

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