CHINA GALLIUM SNAPSHOT: Price hits 22-month high amid tight spot availability

August 28, 2020 / www.metalbulletin.com / Article Link

Key data from Fastmarkets' pricing session in China on Wednesday August 26.

Key driversSome producers continued to raise their offer prices while several others held back from offering, and therefore limited the availability of spot cargoes.A number of consumers in the magnet sector asked around only to find it is difficult to source material and had to accept some high offers to meet prompt production needs, which in turn prompted suppliers to adjust their offers upward further to test buyers' appetite.Spot liquidity was comparatively low with...

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