Baiyin Nonferrous Group Co., Ltd. Launched a Public Tender for Approximately 100 mt of Crude Cadmium on the 4th [SMM Report]

[SMM Magnesium Weekly Review: Limited Support from Raw Materials, Magnesium Products Overall in the Doldrums This Week] This week, prices of various products across the industry chain followed magnesium ingots in a weak consolidation trend. Dolomite supplies were replenished adequately across regions; although raw materials tightened in some areas, overall inventory remained ample, and ex-factory prices stayed stable. Magnesium ingot prices in major producing areas first declined then stabilized during the week, with weekly quotes lowered by 250 yuan/mt. Low-priced factories held back from selling, supporting prices to stop falling, while downstream buyers restocked on an as-needed basis. FOB quotes at Tianjin port saw limited fluctuations, and a wait-and-see approach outside China led to sluggish transactions. Magnesium powder stabilized after declining alongside raw materials, with both domestic and external demand in the off-season, limited to just-in-time procurement. Magnesium alloy prices weakened, dragged down by raw materials. Demand divergence was evident, with moderate automotive orders but weak two-wheeler demand. The market faced oversupply, and enterprises lowered processing fees to boost shipments.

SMM, June 4 — According to SMM, Baiyin Nonferrous Group's Northwest Lead-Zinc Smelter has launched a public tender for the sale of approximately 100 tonnes of crude cadmium from its inventory. A minimum of three registered bidders is required for the auction to proceed. The registration deadline is 17:00 on June 9, 2026, with bidding commencing at 15:00 on June 10, 2026. Market participants noted that given the recent stability in cadmium prices, this tender warrants close attention, as it can serve as an indicator of the strength or weakness of market demand and provides a useful reference for the future direction of cadmium prices.