According to customs data, China’s bismuth trioxide exports were 753.74 mt in February 2026, versus 677.56 mt in January 2026, continuing to increase MoM. Looking at the overall change in exports, since September 2025, China’s bismuth oxide exports had risen almost every month, indicating that bismuth oxide enterprises still had strong export willingness and demand outside China was also increasing significantly. Market participants believed that although February was affected by the relatively long Chinese New Year holiday, exports still continued to rise, so there was a strong likelihood that China’s bismuth trioxide exports would continue to increase in March.

According to customs data, China’s exports of bismuth trioxide in January 2026 were 677.56 mt, versus 570.97 mt in December 2025, showing a clear MoM increase. Market participants said that, judging from the overall changes in exports, China’s bismuth oxide exports had trended upward in almost every month since September 2025, indicating that bismuth oxide enterprises still maintained strong export momentum and that demand outside China was also increasing significantly.

SMM, March 11: According to official news from Baiyin Nonferrous Group Co., Ltd., Baiyin Nonferrous Group Co., Ltd. plans to sell 33 mt of crude selenium, with pricing based on bidding for premiums through auction. The floor premium is 10,500 yuan/mt. This project requires registration by three parties before the auction can proceed normally. The registration deadline is 17:00 on March 16, 2026. Bidding will begin at 15:00 on March 17, 2026. As recent market transaction results for crude selenium tenders have been relatively strong, with high transaction prices, market participants expect the premium auction results this time to be worth looking forward to.

SMM News, March 11: According to the official announcement from Nandan County Nanfang Nonferrous Metals Co., Ltd., a public tender for 147 mt of refined bismuth ingots began today, with a specification of 99.99%; implementation standard: GB/T915-2010. The settlement method was payment before delivery. The payment schedule required a prepayment deposit equal to 10% of the total cargo value within two working days after winning the bid, with the remaining balance to be paid in full within two working days after the contract was signed. For this tender, quotes currently needed to be submitted directly on the platform. Users could search for the "Nanfang Nonferrous Metals Group" official account on WeChat, log in to the Nanfang Nonferrous Bulk Materials Sales Platform → User Login → and submit a quotation. The deadline for this quotation was 15:00 on March 12, 2026. No reserve price was set for this bidding sale. If the bidding price deviated significantly from market transaction levels, Nandan County Nanfang Nonferrous Metals Co., Ltd. reserved the right to cancel the bidding. This tender was expected to test the trading activity of the bismuth ingot market, and SMM would continue to follow and report on it.

Southern Nonferrous Metals Successfully Concludes Large-Scale Metal Tenders Amid Strong Market Demand

SMM, March 9: According to multiple sources from the market, South China Nonferrous recently conducted large-scale tenders for several of its metal products, including substantial volumes of bismuth ingots, cadmium ingots, and indium ingots. The information indicated that the final results were all successfully concluded. At present, according to official information, these metal tenders have indeed smoothly entered the delivery stage, but the authorities are currently unwilling to disclose the specific transaction prices. However, many market participants said that the transaction prices of these metals were close to the market spot prices. Considering such large volumes, this outcome indeed indicates robust trading interest in these metal markets. After the Chinese New Year, end-use demand has also begun to enter an active stockpiling phase. In addition to end-users, market forces including trade and speculation have also been actively taking action; therefore, the market’s recent price trend has been relatively firm.

SMM, February 6 - On February 4, 2025, the Ministry of Commerce and the General Administration of Customs issued Announcement No. 10 of 2025, announcing the decision to impose export controls on items related to tungsten, tellurium, bismuth, molybdenum, and indium.

On June 13, at the 2025 SMM (13th) Minor Metal Industry Conference - Rare and Scattered Metals Forum (Indium, Germanium, Gallium, Bismuth, Selenium, Tellurium), hosted by Shandong Humon Smelting Co., Ltd. and SMM Information & Technology Co., Ltd., Long Wensheng, General Manager of Changsha Aochang Nonferrous Metals Co., Ltd., elaborated on "The Current Application Status and Future Prospects of Minor Metal Selenium.

On June 13, at the 2025 SMM (13th) Minor Metal Industry Conference - Rare and Scattered Metals Forum (Indium, Germanium, Gallium, Bismuth, Selenium, Tellurium), hosted by Shandong Humon Smelting Co., Ltd. and SMM Information & Technology Co., Ltd., Long Wensheng, General Manager of Changsha Aochang Nonferrous Metals Co., Ltd., elaborated on "The Current Application Status and Future Prospects of Minor Metal Selenium.

[SMM Weekly Review on Spot Bismuth: Bismuth Prices Continued to Rise] SMM, February 14: After experiencing an upward trend for some time, bismuth market prices became even stronger following the start of the new year.