Indium price
Indium is a soft, silvery metal sold mainly as 99.99% to 99.999% ingots. Most of it becomes indium tin oxide (ITO), the transparent conductive coating on flat-panel and touch screens. China refines about 70% of the world’s indium.
By RareMetals.net Editorial Team · Prices checked
Current indium price
- China, Nov 2, 2026
- $745-781/kg
- Spot (Daily Metal Price $745/kg on 2 Nov; SMM China $781/kg on 30 Sep)
- Outside China, Oct 4, 2026
- about $880/kg
- US and Europe ingots (SMM)
Sources: Daily Metal Price, 2 Nov 2026; SMM minor metals, Oct 2026. Minor-metal and rare earth markets are thin and assessments differ by provider, so ranges are shown. Yuan prices converted at 6.6 yuan per US dollar.
Last supplier list price on file: $780.00/kg (Metal (ingots), ingots, In min. 99.995%; TRADIUM, ). This list is out of date and is shown for reference only.
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Indium price history, 2021-2025 (USGS)
Annual averages from the U.S. Geological Survey, the latest official series. They show the trend up to 2025; compare them with the current prices above.
| Year | Indium, US warehouse (99.99%) | Indium, Rotterdam |
|---|---|---|
| 2021 | $223 | $217 |
| 2022 | $250 | $252 |
| 2023 | $244 | $249 |
| 2024 | $351 | $311 |
| 2025e | $370 | $380 |
Source: U.S. Geological Survey, Mineral Commodity Summaries 2026.
What moves the indium price?
Display demand
Indium tin oxide coatings on LCD and OLED panels account for most indium use, so panel production is the main demand driver.
China’s export controls
China added indium to its export-control list in February 2025. Exports of unwrought indium fell 72% year on year by September 2025 (Asian Metal, cited by USGS), and prices roughly doubled: from a 2025 average of about $370/kg to about $745-880/kg in late 2026.
Data centres and photonics
Indium phosphide lasers and photodetectors in optical networking and indium-based solders in data-centre electronics are a growing use.
By-product supply
Indium is recovered from zinc smelting (the mineral sphalerite), at concentrations from under 1 to about 100 parts per million.
Where indium comes from
| Country | Output |
|---|---|
| China | 760 |
| South Korea | 180 |
| Others | ~160 |
| World total | ~1,100 |
World refinery capacity was about 1,700 tons. Japan and South Korea recover most recycled indium from ITO scrap.
Indium price FAQ
How much is indium worth per kg?
The current price is $745-781/kg in China (Nov 2, 2026) and about $880/kg outside China (Oct 4, 2026). That is about double the 2025 average of $370-380/kg (USGS).
Is indium more expensive than silver?
No. In November 2026 indium cost about $745-880/kg, while silver traded at about $52 per troy ounce, or roughly $1,700/kg.
Who produces the most indium?
China, with about 70% of world refinery output (760 of about 1,100 tons in 2025), followed by South Korea.
What is indium used for?
Mostly indium tin oxide coatings for displays and touch screens, plus solders and alloys, indium phosphide semiconductors and research.
Related prices
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