Latest Update in the SMM Bismuth / Selenium / Tellurium Market

[SMM Tellurium Market Tracking Report: Daye Nonferrous Metals Group Tellurium Ingot Tender Successfully Concluded] SMM, January 13: According to the official news from Daye Nonferrous Metals Group Co., Ltd., last week's bidding sale of tellurium ingots under Daye Nonferrous was successfully concluded at a final price of 692 yuan per kilogram.

[The World's First Magnesium Alloy Semi-Solid Injection Molded Automotive Wheel Successfully Trial-Manufactured] According to Magnesium Window News: Recently, under the guidance of Academician Fusheng Pan from Chongqing University, the National Engineering Research Center for Magnesium Alloy Materials at Chongqing University, in collaboration with the National Key Laboratory of High-End Equipment Casting Technology, Chongqing Dicastal Jieli Wheel Hub Manufacturing Co., Ltd., Ningbo Free Trade Zone Haitian Zhisheng Metal Forming Equipment Co., Ltd., Baowu Magnesium's Chongqing Boao Magnesium-Aluminum Metal Manufacturing Co., Ltd., Chongqing Borun Mold Co., Ltd., and Chongqing Mingyue Lake Laboratory, jointly developed and successfully trial-manufactured the world's first magnesium alloy semi-solid injection molded automotive wheel in batches using Haitian Zhisheng's newly launched 3600T magnesium alloy semi-solid injection molding machine. This is another innovative product continuously introduced by Chongqing University and its associated teams following the release of the world's largest magnesium alloy die-cast automotive rear floor in 2023.

In December 2024, China's EMD production saw a slight decline MoM. The primary reason for the slight decrease in December production was the year-end lull in the primary battery market, with no significant increase in demand observed......

[SMM Commentary: Mines Undergo Maintenance, Raw Material Supply Tightens, Multiple Tungsten Miners Raise Long-Term Contract Prices] Due to limited inventory held by suppliers and miners gradually undergoing maintenance, raw material supply has tightened. Although downstream demand has not shown significant improvement, some downstream enterprises have conducted slight pre-holiday restocking for essential needs, leading to a slight increase in tungsten prices. Jiangxi Tungsten, Zhangyuan Tungsten, and a large tungsten miner in Fujian have raised their latest long-term contract prices.

Affected by tight supply on the mining side, tungsten prices continued to rise; meanwhile, pre-holiday restocking by rare earth metal plants, combined with maintenance at several separation plants starting in January, contributed to the trend. Domestic antimony prices remained stable, while overseas antimony prices surged dramatically. News of tight niobium supply driving niobium prices higher in late November also provided a boost. The minor metal sector continued its upward trend on January 7, following the rise on the 6th. As of the close on the 7th, the minor metal sector rose by 2.82%. In terms of individual stocks, Orient Tantalum Industry hit the daily limit, while Long Magnetic Technology, BOKE New Materials, Western Materials, and Eontec were among the top gainers.

According to Baowu Magnesium Industry, the Ministry of Industry and Information Technology and the State-owned Assets Supervision and Administration Commission of the State Council recently announced the 2024 key product and process "one-stop" application plan directions and the list of promotion institutions. The "Development and Application Project of Complex and Large Magnesium Alloy Castings in the Direction of Large, Complex, Thin-Walled Integrated Die-Cast Magnesium Alloy Structural Parts for NEV Auto Bodies," led by Chongqing Boao Magnesium-Aluminum Metal Manufacturing Co., Ltd. (hereinafter referred to as Boao Magnesium-Aluminum), in collaboration with Chongqing Seres NEV Design Institute Co., Ltd., Chongqing University, Chongqing Millison Technology Inc., Chongqing New-Type ESS Materials and Equipment Research Institute, Chongqing Advanced Light Metal Research Institute, and other units, has been successfully selected. The announcement of this news marks a new breakthrough in China's lightweight technology for NEVs, injecting new vitality into the rapid development of the NEV industry.

In December 2024, China's Co3O4 production declined MoM but showed a slight increase YoY. The main reason for the production decline in December was the weak demand for LCO downstream, which limited Co3O4 procurement to just-in-need purchases, with fewer market inquiries......