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Bismuth buying in China gaining momentum

June 13, 2011 - 09:02 GMT Location: Shanghai

Chinese bismuth prices are set to rally again with at least one major buyer buying on the rising momentum, undeterred by the summer lull

Domestic bismuth prices have edged up slightly to 165,000-166,000 yuan per tonne ($11.5 -11.6 per lb) from 164,000 yuan last week. "I have just sold 20 tonnes to a major producer," said a minor metals trader in Shanghai. "They are going to empty Shanghai of bismuth." "I have also sold handsome volumes of bismuth to that major...

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