ILT Chart, page-39

Indium is a versatile metal with growing demand, primarily driven by its use in various high-tech applications.

Electronics: Indium is crucial in the production of LCDs, touch screens, and other display technologies. Its unique properties make it ideal for creating transparent conductive coatings.

Solar Cells: The photovoltaic industry heavily relies on indium for thin-film solar cells. However, the increasing demand for solar energy is expected to outpace the available supply of indium.

Emerging Technologies: Indium is also used in smartphones, aircraft, cancer treatment devices, and more. Its unique properties mean it has potential applications in new technologies that are still being developed.

Supply Constraints: Indium is primarily obtained as a byproduct of zinc mining, which limits its availability. The supply chain is further strained by the lack of recycling infrastructure.

.The estimated domestic consumption of refined indium in the U.S. was about 300 tons in 2023, with a market value of approximately $72 million. The demand is expected to continue rising, especially with the growth of the middle class in emerging economies.