SMM April 13: According to official information from Baiyin Nonferrous Group Co., Ltd., the company plans to sell 33 mt of crude selenium, with pricing based on competitive bidding on premiums. The discount floor price is 4,000 yuan/mt, and a minimum of three registered bidders is required for the auction to proceed. The registration deadline is 17:00 on April 15, 2026. The bidding starts at 15:00 on April 16, 2026. As recent tender prices for crude selenium in the market have seen favorable transactions with relatively high transaction prices, market participants expect the results of this premium auction to be noteworthy.

This week, ferrous metals fluctuated downward, with raw materials declining significantly more than finished steel. Cost-side logic weakened further during the week. Mid-week, both the U.S. and Iran indicated they had entered the final stage of finalising negotiation details, causing overseas market crude oil to plunge and dragging down the coal sector. In the latter half of the week, rumors emerged that negotiations between China Mineral Resources and BHP would be announced next week, with iron ore leading the downward trend. On the finished steel side, inventories of the five major steel products continued to destock, maintaining a structure of both rising supply and demand. Spot market side, futures were weak, end-user purchasing enthusiasm was lukewarm, the spot-futures price spread widened somewhat, and some market arbitrageurs between spot and futures began to take profits...

On April 10, two residential land parcels were offered for sale in Hangzhou, both ultimately sold at premiums exceeding 20%, with a total transaction value of 1.492 billion yuan. The Xihu District parcel went through 73 rounds of bidding and was won by Binjiang Group at a total price of 963 million yuan, with a transaction floor price of 19,129 yuan/㎡ and a premium rate of 59.67%. The Linping District parcel went through 21 rounds of bidding and was won by Greentown at a total price of 529 million yuan, with a transaction floor price of 12,950 yuan/㎡ and a premium rate of 23.33%.

Latrobe Magnesium of Australia received a $2 million advance payment to accelerate its fly ash-to-magnesium demonstration project, with all products to be sold to the US market. Canada's West High Yield Resources signed a long-term sales agreement, marking a key step toward the commercialization of the Record Ridge magnesium mine. MG plans to mass-produce semi-solid-state battery car models by the end of 2026, and the application potential of magnesium materials in lightweight structures and battery components is expected to expand.

Indonesia’s Ministry of Energy and Mineral Resources (ESDM) is finalizing a review of the Nickel Mineral Benchmark Price (HPM) formula, aiming for implementation within April 2026. Director General of Minerals and Coal, Tri Winarno, stated that the current HPM no longer reflects actual transaction values, as it fails to account for the "market premiums" currently paid by smelters. The upcoming revision intends to incorporate these premiums as variables in royalty calculations, ensuring that state revenue accurately captures the full value of nickel sales and shifting the HPM from a mere "floor price" to a more representative market benchmark.

[Molybdenum Concentrate Transaction Information] SMM April 7: On April 7, a mine in Jiangxi sold 40%-45% grade molybdenum concentrates (average copper 2.101%, average phosphorus 0.072%) at a transaction price of 4,525 yuan/mtu, with a bidding floor price of 4,430 yuan/mtu, 35% cash and 65% bank acceptance, volume to be tallied.