SMM

SMM August 18 News: After SMM learned from official sources, Jiyuan WanYang Smelting Group Co., Ltd. recently conducted a public tender for 8 mt of tellurium ingots. The final transaction price reached 650,000 yuan/mt. The final transaction price was significantly higher than the set minimum price of 600,000 yuan/mt for this tender, and it is reported that all 8 mt of tellurium ingots were sold in one go. Many market participants speculated that such a large quantity of tellurium ingots might have been purchased by one of the major buyers in south China. This indicates that the buyer remains optimistic about the future of the tellurium market and does not rule out the possibility that the current market price has already hit bottom.