Baiyin Nonferrous Group Co., Ltd. conducted an open tender for 5 mt of tellurium ingots on the 11th, [SMM reports]

SMM, June 11 — According to official information obtained by SMM, Baiyin Nonferrous Group Co., Ltd. today launched a public tender for 5 tonnes of tellurium ingots from its inventory. Official sources indicate that this batch of tellurium ingots meets the Te99.95 quality standard. The reserve price for the tender is set at a discount of RMB 30/kg. Storage location: factory warehouse. Transportation costs are to be borne by the buyer. The registration deadline is 17:00 on June 14, 2026, with bidding commencing at 15:00 on June 15, 2026.

[Inventory Under Pressure, Producers Offering Discounts; Weak Demand, Magnesium Market in the Doldrums] Today, the quoted price for 99.90% magnesium ingot in main producing areas was 16,300 yuan/mt, unchanged from yesterday.

【SMM Magnesium News】On June 10, Ningbo Dexin Technology became a joint producer of the "2026 National Magnesium Industry Chain Map." The company specializes in the R&D of magnesium-aluminum alloy materials and the production of die-cast parts, equipped with 15 semi-solid press-molding machines ranging from 350T to 3200T. Its products span automotive, robotics, aerospace, and other sectors. As the comprehensive map of the magnesium industry chain continues to improve, industry resource integration and supply-demand matching efficiency are expected to further enhance.