May 6, 2011 / 1:37 AM / 6 years ago

Japan's Dowa raises indium prices by 3,000 yen/kg

TOKYO, May 6 (Reuters) - Dowa Electronics Materials Co, Japan's biggest supplier of indium, raised its prices for the minor metal for the third month in a row on Friday, increasing them by 5 percent or 3,000 yen ($37.43) per kg.

The company, a subsidiary of Dowa Holdings Co Ltd , increased its price for indium ingots with 99.99 percent purity to 68,000 yen ($848.52) for customers who buy in large volumes, it said in a statement.

It raised the price for customers who buy in small lots also by 3,000 yen per kg to 73,000 yen.

The company regularly revises its prices after reviewing the market and currency rates.

Indium is used in making flat screen display panels for televisions and computers, as well as in semiconductors. ($1 = 80.140 Japanese Yen) (Reporting by Chikako Mogi)

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