On the afternoon of January 7, 2016, Herong, sales manager of Vital Materials Co., Ltd. visted Asian Metal. Mr. He talked about the status quo of indium market and the market outlook with Asian Metal, and also expressed their support for the 9th World Indium & Germanium & Gallium Forum held on May 5-6, 2015.
Mr. He firstly praised Asian Metal for its metal information and then expressed his opinion on the status quo of the indium market. He indicated that the indium price kept declining in 2015 and with raw material supply being tight at the end of the year, suppliers became reluctant to sell the material to support the price. As a result, the transaction price stopped falling and rose slightly. However, as downstream demand was sluggish at the end of the year, and there was a stalemate between buyers who wanted to make purchases at a lower price and sellers who were not prepared to lower the asking price, spot transactions were relatively sporadic. Mr. He is negative on the market outlook as he thinks the indium price lacks the momentum to go up with weak downstream demand.
Located in the New and High-tech Industrial Development Zone, Qingyuan City, Guangdong province, Vital Materials Co., Ltd. was established in 2003 and is a material technology company engaged in the R&D, production, sales and recycling of rare metals as well as advanced materials. The company, which is recognized by the state as a high and new technology enterprise, has three research centers: the National Rare Metals Engineering Research Center, National Enterprise Technology Center as well as a Postdoctoral Research Center. In addition, the company has also set up an independent Advanced Materials Research Institute. Its main business covers three sections: firstly, the company produces a variety of rare metals and their compounds, such as selenium, tellurium, indium, gallium, and germanium. With an annual capacity of 150t of indium ingot, the company has wet smelting production line which can process indium-containing materials, ITO waste targets, etc; secondly, the company sells advanced materials made from rare metals; thirdly, the company offers recycling services.
