SMM

SMM October 14: According to SMM, Baiyin Nonferrous Group Co., Ltd.'s Northwest Lead-Zinc Smelter initiated a public tender for the sale of 66 mt of crude cadmium starting yesterday. Official information indicates the bidding reserve price is set at a discount of 100 yuan/mt, with the highest bidder winning. The auction requires at least three registered bidders to proceed. The registration deadline is 17:00 on October 21, 2025, and the bidding starts at 15:00 on October 22, 2025. Interested clients must register as suppliers on the Longdao platform at www.longdaoyun.com. Market participants noted that as cadmium prices show a clear strengthening trend, end-user inquiries have begun to warm up. With the arrival of Q4, there is potential for increased end-user stockpiling towards the end of the year, making this tender particularly noteworthy as it can reflect the strength of market demand to some extent.