Yuntong Tech Concludes Selenium Powder Tender at 245 Yuan/kg, Market Sentiment Strong

According to a report by the Burma News International (BNI) on May 4, 2026, a mining site near Three Pagoda Pass (the Three Pagodas area) in Myanmar was recently hit by an airstrike. Miners have fled to the town of Three Pagodas for shelter, and mining operations have been forced to halt. Informed market sources suggest that the Three Pagodas area primarily produces lead and antimony ore. Given the current situation, resuming antimony production after a ceasefire could take a considerable amount of time. Moreover, the challenges facing mining operations are not limited to the impact of war and the upcoming rainy season — they may also include shortages of fuel and explosives.

[SMM Tungsten Express] SMM May 7: APT CIF Rotterdam prices remained stable at $2,900-3,200/mtu this week, flat WoW. However, market pessimism was strong in the European market this week, with end-users mostly adopting a wait-and-see attitude. Despite no change in the tight supply landscape, there was virtually no substantial trading in the market this week, and buyers and sellers were in a stalemate. In the Indian market, FOB prices for scrap tungsten drill bits were quoted at $100-120/kg, with an average price of $110/kg, down $30 WoW. Market demand was weak, and panic sentiment among scrap dealers intensified, accelerating the price decline.