June 17 spot price of SMM rare earths

[SMM Magnesium Weekly Review: Magnesium Market Held Up Well, With Cost Support and a Tug-of-War Between Sellers and Buyers Continuing] This week, the overall magnesium industry chain held up well, with prices of all products generally raised. The raw material dolomite market remained stable, with ample supply and steady demand. Magnesium ingot prices consolidated at highs. At the beginning of the week, supported by rising energy costs such as ferrosilicon and coke and tight spot availability, prices jumped by 300 yuan/mt. Subsequently, downstream fear of high prices emerged, transactions failed to keep pace, and prices consolidated at highs. In foreign trade, the center of magnesium ingot FOB quotes moved up to $2,440-2,470/mt. Wait-and-see sentiment outside China remained strong, but influenced by bullish expectations in China, forward orders were gradually locked in. Magnesium powder prices remained firm, with strong cost support. Export data increased YoY, while domestic trade was mainly driven by just-in-time procurement. The benchmark price of magnesium alloy held up well, but the release of new capacity led to increased supply, processing fees stayed in the doldrums, and the market showed a pattern of strong supply and weak demand. Overall, cost support remained the core driver behind magnesium prices fluctuating at highs, while downstream acceptance of high prices was limited, and the market may continue this tug-of-war in the short term.

SMM, March 26: SMM learned that Shandong Humon has launched an open tender for its 4N selenium and high-purity selenium by-products starting today. The tender includes 4,000 kilograms of high-purity selenium by-products and 1,000 kilograms of 4N selenium (actual shipment weight shall prevail). According to official information, the materials are packaged in iron drums. The delivery method is buyer pickup, with freight borne by the buyer. Transport must comply with national regulations, using hazardous chemical vehicles with full qualifications. The buyer must collect the goods by April 20, 2026, at the delivery location of Shandong Humon Smelting Co., Ltd. The sales contact is Wang Peng, phone: 17616212861.

SMM, March 26: SMM learned that Shandong Humon will launch an open tender for its high-purity tellurium by-products starting March 26. According to official information, the tender involves 2,000 kilograms, packaged in iron drums. The delivery method is buyer pickup, with freight borne by the buyer. The buyer must collect the goods by April 20, 2026. The delivery location is Shandong Humon Smelting Co., Ltd. (No. 11 Jinzheng Street, Shuidao Town, Muping District, Yantai City, Shandong Province). The sales contact is Wang Peng, phone: 17616212861.