China Minmetals wins auction for entire Fanya antimony stock for $76mln

By IM Staff
Published: Tuesday, 03 September 2019

The lingering concerns in the antimony market, arising from stocks of material being held by the defunct Fanya exchange, have been resolved with the sale by auction of the entire inventory.

China Minmetals Rare Earth Co Ltd has won 18,661 tonnes of antimony ingots held by the defunct Fanya Metal Exchange in an auction that ended at 10am Beijing time on Sunday September 1.

As the only bidder at the auction, it came as no surprise that China Minmetals won...

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