Indium, Gallium and Germanium News from the Web

Japan’s biggest supplier of indium, Dowa Electronics Materials Co, raised its prices for the minor metal for the third month in a row, increasing them by 3,000 yen ($37.50) per kilogram.

Its price for indium ingots with 99.99 percent purity is 68,000 yen/kg ($850) for customers who buy in large volumes, and 73,000 yen/kg ($912.50) .

SMG Indium Resources Ltd., a company formed to purchase and stockpile the metal indium, today announced the pricing of its initial public offering of 4,800,000 units at a price of $5.00 per unit for gross proceeds of $24,000,000.  Each unit issued in the initial public offering consists of one common share and one warrant to purchase one common share at an exercise price of $5.75 per common share.

The Company’s units are expected to be quoted on the OTC Bulletin Board on May 5, 2011 under the ticker symbol “SGMEU”.  The Company has granted the underwriters a 45-day option to purchase up to an additional 720,000 units to cover over-allotments, if any.

The Company expects to fully utilize a minimum of 85% of the net proceeds from this offering to purchase and stockpile the metal indium within 18 months of the date of this prospectus.