Hunan Company Opens Bidding for 700 Tons of Bismuth Concentrate, Deadline May 13

SMM May 12 – According to official information from Baiyin Nonferrous Group Co., Ltd., the company plans to sell 33 tonnes of crude selenium, with pricing based on a competitive bidding process for a premium/discount. The floor discount is set at RMB 4,000/tonne. The project requires at least three bidders to register before the auction can proceed as scheduled. The registration deadline is 17:00 on May 14, 2026. The bidding will begin at 10:00 on May 15, 2026. Given the recent strong trading prices for crude selenium tenders in the market, market participants expect the outcome of this premium bidding to be promising.

Silicon Metal: The silicon market trended stronger after the Labour Day holiday. This round of futures strength was primarily driven by macro and capital momentum. Silicon enterprises hedged in batches on rallies, cargo rights gradually shifted to futures-spot traders, and rigid demand provided support, with spot prices passively following the upward trend. From an industrial perspective, the expected increase in silicon metal supply in June carries relatively high certainty, which suppresses the sustainability of subsequent price rises. The tug-of-war between longs and shorts in the market has intensified. Going forward, key areas to watch include shifts in capital logic, changes in macro sentiment, and the pace of production resumption on the industrial side.

[SMM Vanadium Flash News] In April, Phase I of Jiaozuo Scandium-Vanadium New Materials Industrial Park was officially put into operation, with a total investment of 1.08 billion yuan. Relying on the by-product resources of titanium dioxide, the project has an annual production capacity of 2,500 tons of high-purity vanadium pentoxide + 20,000 cubic meters of vanadium electrolyte, directly supporting long-term energy storage orders. High-purity vanadium is entering the high-end alloy and vanadium battery markets, while the electrolyte has established the industrial chain of "titanium dioxide - vanadium electrolyte - energy storage", significantly increasing the added value of by-products..