Pan-Asia involved in the rare metal auction is here again! This time it's 19200 tons of bismuth.

Published: Nov 7, 2019 18:15

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Before I talk about this metal bismuth auction, I would like to take you back to what rare and precious metals have been sold before.

25 April 2019:

34.64 tons of indium were sold by China overseas Economic Cooperation Co., Ltd for about 1.08 million yuan / ton;

September 1, 2019:

18700 tons of antimony was sold by Minmetals rare Earth Group Co., Ltd for about 29300 yuan / ton.

148.75 tons of dysprosium oxide was sold by Minmetals rare Earth Group Co., Ltd for about 1.4889 million yuan / ton.

4.05 tons of terbium oxide was sold by Minmetals rare Earth Group Co., Ltd for about 3.9455 million yuan / ton;

17 September 2019:

28300 tons of ammonium paratungstate was sold by Luoyang Luanchuan Molybdenum Industry Group sales Co., Ltd for about 115340 yuan / ton.

October 6, 2019:

21 tons of cobalt was sold by Shanghai Sanqian New Energy Materials Co., Ltd for about 281300 yuan / ton.

28 October 2019:

337.8 tons of selenium was sold by Kunming Rongke New Materials Co., Ltd for about 91600 yuan / ton.

170 tons of tellurium were sold by Guangdong Pioneer thin Wood Co., Ltd for about 305600 yuan / ton.

92.31 tons of germanium were sold by Kunming Rongke New Materials Co., Ltd for about 6.01 million yuan / ton.

191.2 tons of gallium were sold by Kunming Rongke New Materials Co., Ltd for about 904500 yuan / ton.

From the collation, we can basically see that since September, twice a month auction may be a rule? So what about the 19200 tons of bismuth to be auctioned this time? Let's take a look at the details:

Trend chart of spot price of refined bismuth in recent half year

"Click to view the spot historical price of SMM rare and precious metals

From the trend chart, the spot price of refined bismuth has risen from 39500 yuan / ton to 41750 yuan / ton since October. It is roughly estimated that the volume of the auction will be about one year + one quarter of the country's production, I do not know the impact of this bismuth auction on the market? We wait for the results to come out on November 23rd! Follow the SMM, Pan Asia auction message the first time to know!

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Pan Asia rare metal bismuth

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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