Baiyin Nonferrous Group Co., Ltd. Held Competitive Bidding Sale of 33 mt of Crude Selenium on the 13th [SMM Selenium Report]

[SMM Tungsten Daily Review: Guangdong Tungsten Enterprise Announced Long-Term Contract Prices, Tungsten Market's Stop Falling and Stabilize Trend Confirmed] SMM May 25: Today, tungsten market sentiment eased, downstream purchasing increased, and transactions in APT, powder, and other segments recovered. A tungsten mine in Hunan auctioned tungsten concentrates with a grade of approximately 12-21%, moisture content of approximately 12%, an estimated 430 mt in physical content, or about 100 standard tonnes (65%WO3 basis). The auction was successfully concluded, with transaction prices concentrated at over 370,000-380,000 yuan/standard tonne (65%WO3 basis). The decline in spot order transaction prices for tungsten concentrates slowed down significantly, and the ore side basically consolidated at lows.

[Tungsten News Flash] SMM reported on May 25: A tungsten enterprise in Guangdong released its long-term contract prices for the second half of May. Specifically, 55% wolframite concentrates were priced at 414,000 yuan/standard tonne (65%WO3 basis), and 55% scheelite concentrates were priced at 413,000 yuan/standard tonne (65%WO3 basis). The long-term contract price for sodium tungstate was 660,000 yuan/mt (all prices above are VAT-inclusive at 13%).