The tender for gallium metal from Sanmenxia Aluminum Industry was reportedly concluded smoothly again [SMM Gallium Report]

SMM June 30 News: According to unofficial market feedback obtained by SMM, it was rumored that Sanmenxia Aluminum Industry Co., Ltd. successfully conducted a public auction sale of its 4N gallium last Friday. The final transaction price was around 1,680 yuan/kg. The actual transaction volume is unknown. Market sources indicated that the tender base price for this batch of 4N gallium from Sanmenxia Aluminum Industry was 1,650 yuan/kg. The final transaction price of around 1,680 yuan/kg was also 20 yuan/kg lower than the transaction price of the previous tender last week. This also proves that the market's consumption capacity remains weak recently, and the rigid demand is still not good. Market participants still believe that currently, as it is mid-year, many manufacturers need to increase sales volume before Q3 as part of their sales policies. With the arrival of Q3, this situation of weak supply and procurement may continue.