SMM, Jan 19: According to market rumors learned by SMM, a major smelter in northern China recently conducted a public bidding sale for several tons of refined bismuth, which was successfully concluded. Market rumors suggest that the final transaction price for refined bismuth was around 130,000 yuan per ton. Market participants indicated that although bismuth prices currently show a slight weakening trend and end-user buying interest is insufficient, the successful completion of this bidding activity reflects, to some extent, that market demand is not as weak as perceived.

SMM January 19 News: According to market rumors obtained by SMM, a major smelter in northern China recently conducted a public tender sale for several metric tons of refined bismuth, which was eventually successfully concluded. Market rumors suggest that the final transaction price for refined bismuth was around 130,000 yuan/mt. Market participants indicated that although the current bismuth price shows a weakening trend and end-user buying interest is insufficient, the successful conclusion of this tender reflects, to some extent, that market demand is not as weak as perceived.

China's Bismuth Trioxide Exports Rise Significantly for Two Consecutive Months

According to customs data, China's bismuth trioxide exports in November 2025 reached 720.17 mt, while October exports were 610.02 mt. Compared with September exports of 411.4 mt, exports increased significantly for two consecutive months on a month-on-month basis. Market participants indicated that, based on the overall change in export volume, monthly domestic bismuth oxide exports have largely returned to normal levels over the past two months, with October and November exports again exceeding 500 mt, indicating a clear and growing enthusiasm for exports among bismuth oxide enterprises. Many market observers noted that, compared with the current upward trend in domestic bismuth prices, the increase in bismuth oxide exports in recent months is reasonable, and it is highly possible that bismuth oxide export volume will continue to rise in December.

SMM December 12 News: According to market sources obtained by SMM, a major northern smelter recently conducted a public tender sale for several tons of refined bismuth, which was successfully concluded. Market sources indicate that the final transaction price for the refined bismuth was around 130,000 yuan per metric ton. Industry insiders noted that as bismuth prices are currently showing a clear upward trend, the successful tender reflects, to some extent, strong market demand.

SMM's monthly base metal production data is scheduled for release at each month-end, aiming to uncover the true state of fundamentals from the ground up, dispel illusions in the capital market for industry chain participants and investors, and provide clearer insights into the future direction of the nonferrous metals market.