SMM News, April 14: According to official sources from a Hunan-based company, the firm has initiated a competitive bidding process for 1,000 physical tons of bismuth concentrate to be delivered in April 2025.
Key Details:
-
Bidding Deadline: 10:30 AM on April 15 (Beijing Time).
-
Quality Specifications:
-
Bi: 18-45% (exclusive of 45%),
-
H<sub>2</sub>O: 15-25%,
-
Ag: 200-600 g/t,
-
Au: ~1.5 g/t.
-
-
Settlement Quantity: Based on on-site weighing results.
Auction Structure:
-
The 1,000 physical tons (currently stored at the company’s warehouse) will be split into two lots of 500 physical tons each.
-
Final settlement quantities will be determined by post-auction sampling and weighing.
Pricing Rules:
-
Reserve Price: CNY 128,000 per metric ton of metal content (bids below this threshold will be invalid).
Market Outlook: Despite the short bidding window (two days) and relatively high reserve price, industry analysts suggest a high likelihood of successful transactions, reflecting strong demand for bismuth in specialty alloys and chemical applications.
