Japan's Dowa Cuts Indium Prices by up to 7.7 pct

TOKYO, July 1 -- Dowa Electronics Materials Co, Japan's biggest supplier of indium, cut its prices for the minor metal by 5,000 yen per kg on Thursday.

The company, a subsidiary of Dowa Holdings Co Ltd (5714.T: Quote), lowered its price for indium ingots with 99.99 percent purity by 5,000 yen per kg, or 7.7 percent, to 60,000 yen ($678.8) for customers who buy in large volumes, it said in a statement.

It cut the price for customers who buy in small lots also by 5,000 yen per kg, or 7.1 percent, to 65,000 yen.

The company regularly revises its prices after reviewing the market and currency rates.

Indium is used in making flat screen panels for televisions and computers, as well as in semiconductors. ($1=88.38 Yen) (Reporting by Chikako Mogi; Editing by Clarence Fernandez)