SMM June 24 News: According to official information obtained by SMM, Guizhou Huajin Aluminum Industry Co., Ltd. conducted a public auction sale of its gallium metal today. Specifically, according to official information, the quality standard for this batch of goods is Ga4N, in compliance with the national standard GB/T 1475-2022. There is no limit on the tender quantity, with a minimum sale of 200kg. Bids will be made based on demand. Packaging specifications: 1kg/bottle, 10kg/box or 5kg/bottle, 20kg/box. The registration time and the time for paying the deposit shall be no later than 17:00 on June 24, 2025. Those who fail to register on time will not be able to participate in the public auction. In other words, the deadline for submitting bids in this tender is 17:00 on June 24, 2025. After a successful public auction, the winning bidder must negotiate matters related to contract signing within three working days from the date of receiving the tenderer's notification and complete the contract signing within seven working days. Failure to sign the contract within the specified time will be deemed as non-response to the tender, the bid bond will not be refunded, and the winning qualification will be cancelled.
Market participants stated that the quality of Guizhou Huajin Aluminum Industry Co., Ltd.'s gallium products is stable, and currently enjoys a good reputation in the market. Downstream acceptance of Guizhou Huajin Aluminum's gallium products is also high. The fact that only one day was allocated for this tender reflects the tenderer's strong confidence, and the probability of a successful transaction is relatively high. The specific final transaction price will depend on the bidding results, and SMM will continue to follow up and report on this matter.
