According to SMM's assessment, China's refined bismuth production in April 2025 is expected to increase by approximately 2.4% compared to March. After rebounding last month, bismuth production has generally stabilized. Market participants noted that due to the extended Chinese New Year holiday in February, many enterprises suspended operations, leading to a drop in bismuth production to a low point. Consequently, March saw a rebound in output. However, growth has since stagnated, which is understandable given the current tight supply of raw materials.
From the perspective of manufacturers' production status, some are still undergoing equipment maintenance, while others have seen little change in their operations, keeping the overall domestic output relatively stable in April. Detailed data shows that among the 24 manufacturers surveyed by SMM, two saw a significant increase in production in April, two experienced a slight decline, and the rest remained largely unchanged.
Many market analysts predict that bismuth production across China will remain stable in May. Although the Labor Day holiday may have some impact, it is not expected to be significant. Refined bismuth output is likely to stay steady or experience a slight decline. However, given the possibility of continued tightness in raw material supply, a noticeable drop in production cannot be ruled out.
