Global Chip Market Will Decline 20% This Year

According to official information from Luoping Zinc & Electricity as learned by SMM, in light of production and operational arrangements, Yunnan Luoping Zinc & Electricity Co., Ltd. will sell germanium concentrate produced at its zinc smelter in June via competitive bidding. Bidding quantities are measured in kilograms, with a minimum bid volume of 300 kilograms. Bids must be submitted before 10:00 a.m. on June 11, 2026. Market sources indicate the tender has now been successfully closed with transactions finalized.

Antimony prices maintained a steep downward trend this week. Entering the first half of June, overall market trading activity remained sluggish. End buyers stayed largely on the sidelines, purchasing only to meet immediate demand with a cautious stance. Nevertheless, certain enterprises faced mounting mid-year sales pressure and ramped up shipments. Recent selling prices from suppliers, particularly for antimony oxide, saw substantial price concessions. Suppliers prioritized moving inventory, which drove a rapid slump in market prices.

[SMM Magnesium Express]According to reports, Shandong Huashengrong Magnesium Industry has entered the North American market with its independent soluble magnesium alloy technology. This material can naturally dissolve in underground fluids without the need for salvage and recovery, and can withstand high pressures of 110 megapascals, achieving precise segmented fracturing from 50 to 100 meters. The enterprise has mastered the world's earliest independent intellectual property soluble magnesium alloy technology and is the only domestic enterprise to achieve customized production of the entire chain from raw material smelting to downhole services. It has accumulated 50 patents and developed more than 100 types of magnesium alloy products. At present, the product has been applied in major domestic production areas such as Daqing Oilfield and Changqing Oilfield, and has been recognized in international markets such as North America and Canada, becoming another example of China's new materials going global.