Surging international price for rare metals

Japan Metal Bulletin reported that international market price surges for rare metals made as byproduct of nonferrous metal smelting. Price of gallium which is byproduct of aluminum smelting increased by 18% to more than USD 800 per kilogram last week.

The price was the highest level in 9 years and 7 months. Price of indium which is byproduct of zinc is around USD 650 per kilogram which increased by around 15% last week and hit 2 years and 8 months high. The market price is expected to increase more partly due to volatile nature in the market