Indium (In) is a chemical element that belongs to the rare metal of Group 13 (IIIa, or boron group) of the periodic table. It exhibits a brilliant silvery-white shine. The name indium is suggested due to the existence of a major indigo spectral line. Indium is softer as compared to lead and somewhat plastic and can be scratched using a fingernail. Moreover, the softness of indium can endure nearly any kind of twist and bend. Although the indium element does not come uncombined or in independent minerals, it occurs as a trace in several minerals, specifically those of zinc and lead, from which it is derived as a derivate.
China is the leading worldwide refinery producer of indium, followed by South Korea, Japan, and Canada.
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Key Details About the Indium Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Indium price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The indium price trend, including India Indium price, USA Indium price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Indium Price Trend:
The majority of indium is utilised in the production of tin oxide (SnO2), which is a critical component of touch screens, flatscreen TVs and solar panels. This is primarily because it is a good conductor of electricity, has a high boiling point, attaches firmly to glass, and is transparent. In addition, indium nitride, phosphide and antimonide are semiconducting materials that are employed in transistors and microchips. Moreover, indium metal attaches well to glass and may be utilised to provide a mirror like finish to windows of tall buildings, and also as a shielding film on welders’ goggles. Besides, it is also being employed as a coating on ball bearing in Formula 1 racing cars owing to its reduced friction. Indium alloy can also be used for fire-sprinkler systems in shops and warehouses as it has a low melting point.
Key Players:
- Umicore N.V.
- DuPont de Nemours, Inc.
News & Recent Development:
- December 2022: A Volkswagen battery company, Umicore and Powerco, expanded their alliance in battery materials. Both these companies are discovering a strategic longstanding supply contract to supply Powerco’s future battery Gigafactory for electric vehicles (EVs) in North America. This progress will help strengthen the company’s operations.
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