Baiyin Nonferrous Group Co., Ltd. initiated a public tender for 2 mt of tellurium ingots and 66 mt of crude cadmium starting today, according to SMM.

SMM March 31 News: According to SMM, Baiyin Nonferrous Group Co., Ltd. started a public tender today for the sale of 2 mt of tellurium ingots and 66 mt of crude cadmium. According to official information, the winning bid for tellurium ingots will be determined based on the average price of tellurium on SMM for five consecutive working days starting from the end of the bidding, plus a premium. The base premium is 12 yuan/kg. This project requires at least three customers to register before the auction can proceed normally. Bidders for crude cadmium must pay a bid bond of 220,000 yuan (RMB Two Hundred Twenty Thousand) to the tenderer before the auction. Among them, the bid bond for 33 mt of crude cadmium from the Northwest Lead and Zinc Smelter is 110,000 yuan, to be deposited into the bid bond account of Baiyin Nonferrous Group Co., Ltd. The bid bond for 33 mt of crude cadmium from Gansu Changba Nonferrous Metals Co., Ltd. is 110,000 yuan, to be deposited into the bid bond account of Gansu Changba Nonferrous Metals Co., Ltd.