SMM

SMM, November 24: According to SMM, Baiyin Nonferrous Group Co., Ltd.'s Northwest Lead-Zinc Smelter has launched a public tender for the sale of 100 mt of crude cadmium. Official information indicates that the bidding starts at a discount of 2,500 yuan/mt, with the highest bidder winning. The auction can only proceed if at least three bidders register. The registration deadline is 11:00 on November 26, 2025, and the bidding starts at 9:00 on November 27, 2025. Market participants noted that as cadmium prices have recently weakened and pulled back, this tender is particularly noteworthy, as it can, to some extent, reflect the strength of market demand and serve as a reference for whether cadmium prices can stabilize.