Baiyin Nonferrous Group Co., Ltd. publicly tendered approximately 100 mt of crude cadmium on the 27th [SMM Report].

SMM, January 27: According to SMM, Baiyin Nonferrous Group Co., Ltd.'s Northwest Lead-Zinc Smelter launched a public tender for the sale of approximately 100 mt of crude cadmium. Official information specified that the bidding floor price was set at a discount of 3,000 yuan/mt to the SMM average price, with the highest bidder winning the auction after bidding. The project required at least three registered bidders to proceed with the auction normally. The registration deadline was 17:00 on January 29, 2026, and the bidding started at 10:00 on January 30, 2026. Market participants noted that as cadmium prices had been stable recently, this tender was particularly noteworthy, as it could, to some extent, reflect the strength of market demand and serve as a reference for whether cadmium prices could rebound.