Fanya metal exchange's cobalt inventory sold for $5.91 million yuan . The cobalt inventory formerly held by Southwest China's Fanya Metal Exchange was on Sunday sold to Shanghai Sanqian New Energy Materials for 5.91 million yuan ($826,839) in an online auction, according to the e-commerce platform that hosted the sale. The series of Fanya inventory auctions by the Kunming Intermediate People's Court are being closely watched by minor metals traders, as well as creditors seeking the return of around 40 billion yuan following the c