SMM News, February 12: According to official information obtained by SMM, Yuguang Gold and Lead Group will soon conduct a public tender for 300 mt of bismuth ingots. Detailed tender information has not yet been officially disclosed. However, unverified sources suggest that the starting price for the 300 mt of bismuth ingots in this tender may not be low, with the opening date set for February 13. Many market participants have noted that the quantity of 300 mt of bismuth ingots in this tender by Yuguang is not particularly large. Given the recent upward trend in bismuth market prices, the likelihood of a successful transaction is considered very high. Some market participants have even expressed their intention to participate in the bidding.
After all, in the context of a recent tender for bismuth concentrate in Hunan, which concluded with a high-priced transaction, market confidence in bismuth prices has been further strengthened. As a result, Yuguang's 300 mt bismuth ingot tender has once again sparked market sentiment. Many market participants have stated that if the 300 mt of bismuth ingots are auctioned at a high price, it will undoubtedly provide strong support for building market confidence. Currently, SMM is in communication with the official source to gather specific details about the tender and the starting price. SMM will continue to follow up and report on this matter.
