Xiamen Fanya Commodity Trading Center to launch Tb, Dy and Nd contracts

Xiamen Fanya Commodity Trading Center, a subsidiary of Fanya Group, will launch business of terbium, dysprosium and neodymium today, according to a report covered by Fanya Metal Exchange.

As Info-RE reported, Fanya Metal Exchange listed oxides of dysprosium and terbium on Ocotber 31, 2014 and large quantities of the oxides were sold out soon.

The exchange with a registered capital of RMB100 million ($16.37 million), was officially incorporated on February 16, 2011. Its main business is to provide electronic trading, delivery and settlement services for non-ferrous metals.

The Kunming city, Yunnan province-based exchange started indium trading in April 2011, and bismuth and gallium trading in February 2013. In addition, germanium, cobalt metal and APT, vanadium pentoxide and antimony are also listed on Fanya. Fanya has succeeded in building a leading position in indium and bismuth electronic markets.

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