Western Mining, China's fourth largest zinc miner, yesterday said it will buy zinc and indium ingots worth 93 million yuan from a zinc smelter in Qinghai province.

Western Mining will buy 3,800 tons of zinc ingot and 5,618 kg of indium ingot from Qinghai Summit Zinc Co, a subsidiary of Shanghai-listed Tibet Summit Industry Co Ltd.

Western Mining said its zinc stocks at its Shanghai branch had been low due to strong demand in the market, and the purchase would guarantee the company held enough supplies to satisfy its long-term clients.

The company agreed to buy zinc ingot for 19,650 yuan per ton and indium ingot for 3,300 yuan per kg.

Editor: Carolyn