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The whereabouts of minor metal stocks held by the now defunct Fanya Metals Exchange has been a weight on the outlook of minor metals prices and contract negotiations since the exchange collapsed in 2015.
Fastmarkets will host a free web seminar on Tuesday March 3 at 3pm London time, to discuss a brief history of Fanya, the subsequent metals auctions held over the course of 2019 as well as discuss what is next for minor metals in 2020.
Register here to join the webinar.
Date Tuesday March 3, 2020
Time 3 pm London time
Join our market experts as they discuss:
Speakers Cristina Belda – price reporter Ewa Manthey – senior price reporter Jon Stibbs – senior price reporter
The Fanya Metal Exchange was initially a boon to China’s domestic market when it was launched in 2011, providing another outlet for producers to sell their material and giving a group of new investors the opportunity to step into the often-complicated financial markets.
But cracks began to show at the end of 2014, with some investors becoming wary when metal stocks continued to pile up due to new production coming on to feed demand for the exchange’s products. With sentiment souring, the exchange found itself exposed to metals prices that were continuously falling, while also being accused of failing to pay suppliers.
The local government said about 70,000 tonnes of 14 different kinds of non-ferrous metals had been seized by the Yunnan police.
The interactive web seminar will include an opportunity to submit questions or comments to the speakers anonymously. If you have any questions about Fastmarkets’ minor metals pricing, you can send them in advance to Cristina Belda at cristina.belda@fastmarkets.com or Ewa Manthey at ewa.manthey@fastmarkets.com. Please use the subject line “Minor metals web seminar”.
If you are unable to attend on the day, click here to register now and you will be able to listen to a recording of the web seminar after it finishes.