SMM Analysis: Rhenium Prices Dip, Global Markets Diverge, Industry Price Standoff Continues

SMM, June 4 — According to SMM, Baiyin Nonferrous Group's Northwest Lead-Zinc Smelter has launched a public tender for the sale of approximately 100 tonnes of crude cadmium from its inventory. A minimum of three registered bidders is required for the auction to proceed. The registration deadline is 17:00 on June 9, 2026, with bidding commencing at 15:00 on June 10, 2026. Market participants noted that given the recent stability in cadmium prices, this tender warrants close attention, as it can serve as an indicator of the strength or weakness of market demand and provides a useful reference for the future direction of cadmium prices.

Overseas hafnium prices skyrocketed from $5,000 to $13,114.75/kg by April 2026, squeezed by AI-driven semiconductor demand and China's export controls, with high prices likely to persist.

[SMM Titanium News] The environmental impact assessment for the expansion and renovation of Kezhou Xinyehua Mei (Xinjiang Puchang) Titanium Magnetite Project has been accepted. The project is located in Artux City, and it plans to expand the annual mining and beneficiation capacity from 100,000 tons to 8 million tons, mainly containing vanadium-titanium resources. After completion, it will significantly enhance the regional supply capacity of vanadium-titanium raw materials and contribute to the extension of the industrial chain.