Fanya Metal Exchange founder arrested

By Myles McCormick
Published: Wednesday, 27 January 2016

Police documents leaked to the media indicate that Shang Jiuliang was taken into custody in December as part of a police investigation into the bourse’s suspected fraudulent activities.

The founder and head of the Kunming-based Fanya Metal Exchange in China has been arrested, a leaked police document has revealed.

Shan Jiuliang was taken into police custody in December, as part of an investigation into the activities of Fanya, which froze around $6bn in investments last July, a Shanxi police document...

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.