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Rare metals bismuth and gallium listed on China's Fanya Metal Exchange
KUNMING, Mar 01, 2013 (Xinhua via COMTEX) --
The rare metals bismuth and gallium we
re officially traded on the Fanya Metal Exchange in Kunming, capital c
ity of Southwest China's Yunnan province, on Friday.
Industry insiders noted that the rare metals' listing on the excha
nge opened a new era for their pricing, which would be based not only
on supply-demand factor, but also on capital.
As "green metal", bismuth has been widely used in such industries
as bismuth oxide, pharmaceutical chemicals, metallurgical addition age
nts, chemistry, and nuclear power.
In recent years, consumption of bismuth products has grown at an a
nnual rate of 8 percent. But the pricing power of bismuth is currently
controlled by overseas purchasers.
Gallium is widely used in semiconductors, wireless communication,
fiber optic communication, automotive radar, LED illumination, solar c
ells, and other industries. The annual output of primary gallium in th
e world is only 300 metric tons (tonnes), of which 80 percent comes fr
om China.
Industry insiders said that the introduction of bismuth and galliu
m on the exchange would minimize disorderly competition and offer pric
es set by China. (Edited by Hu Pingchao, hupingchao@xinhua.org)
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