Kunming Rongke won the 19,228.05 tonnes of bismuth with a bid of 606.07 million yuan ($86.09 million). The winning bid, which was also the starting price for the auction, works out to a price of 31,520 yuan per tonne, the auction results showed.
Fastmarkets assessed the price of bismuth 99.99% Bi min, in-whs China
at 40,500-41,000 yuan per tonne on Friday November 22, down by 1.8% week on week. The latest assessment is also down by 2.4% from 41,500-42,000 yuan per tonne on November 8, the day after the auction for Fanya’s bismuth stock was announced
On October 28, Kunming Rongke won three auctions for 92.31 tonnes...