SHANGHAI, Jul. 1 (SMM) – After launching silver and indium trade in April, the Kunming Fanya Metal Exchange announced to start the germanium trade on July 4th.
The Fanya Metal Exchange said that the sample contract for germanium is expected to be published within this week. According to the sample, the lowest purchasing volumes are 5 lots, with 0.1 kt of germanium metal for each lot. On June 29th, spot offers for germanium ingots on SMM were RMB 10,300-10,400/kg. If margin is set to be 20% of trading value, only about RMB 1,000/mt is needed for investors to participate the germanium trade.
The trading hours are divided into the following three sessions: the evening session, 20:00—02:00; the morning session 09:00—11:30; the afternoon session 13:30—16:00, in order to integrate with the international market.
China’s germanium reserves are 3,500 mt (metal content), 41% of the world’s discovered reserves. China’s germanium output accounts for 67% of the world’s total, making China as the major germanium supplier. The traded product instructed in Fanya’s contract is germanium produced by the Yunnan Lincang Xinyuan Germanium Industrial Company, a production giant for germanium in the globe. The company discovered 689.55 mt of germanium metal reserves in its deposits with mining rights, accounting for 19.70% of the 3.5 kt China’s retained reserves.
The Fanya Metal Exchange is under supervision of the Kunming Municipal Committee, Finance Office and many other administrative management agencies.
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