A company in Hunan Province bid for 1,000 mt of bismuth concentrate today on May 10 [SMM Bismuth Market Tracking Report]

SMM News on May 14: According to an official announcement from a company in Hunan, bidding sales for 1,000 mt of bismuth concentrate for May 2025 under its umbrella commenced today. The specific bidding will conclude at 10:00 a.m. on the 16th of this month. The quality specifications are as follows: 18% ≤ Bi < 45%, 15% ≤ H2O < 25%, approximately 200-600 grams of Ag, and approximately 1.5 grams of Au. The settlement quantity will be based on the actual on-site weighing. This batch of 1,000 mt of bismuth concentrate is currently stored in the company's warehousing center. According to the official announcement, the bidding will be conducted in two sessions, with 500 mt in each session. The settlement quantity will be based on the actual on-site sampling and weighing. The base price for bidding in this project is 120,000 yuan/mt (metal content). The price quoted by bidding entities cannot be lower than 120,000 yuan/mt (metal content); otherwise, it will be deemed an invalid bid. Currently, although the bidding price is not low and the bidding period is only two days, market observers speculate that there is a high probability of a successful transaction.