5N Plus reduces bismuth output from refining activities and increases bismuth metal purchase
2019-07-26 09:10:48 [Print]
On July 22, 5N Plus Inc. announced that it has significantly reduced production at its bismuth refining and recycling facilities.
As the world's leading producer of bismuth containing materials and specialty chemicals, 5N Plus utilizes bismuth as an active ingredient in its products and thus a major consumer of bismuth metal. In the recent years, 5N Plus has significantly changed its procurement practices by markedly reducing purchases of commercial grade bismuth metal and instead has relied on proven process technologies to extract this metal from the various residues and secondary streams in its refining and recycling facilities. This approach has enabled the Company to significantly reduce metal related consumable costs. 5N Plus purchases these residues from its network of suppliers who generate them in the process of producing other metals and materials.
With bismuth notations continuing to decline and currently at a level not seen in nearly 25 years, certain suppliers have declared this part of their activities uneconomical and have begun to stop marketing these residues. Given this development and the current availability and price level for bismuth metal, 5N Plus will increase its commercial grade bismuth metal purchases to compensate for the reduction in bismuth output from its refining activities.
As the world's leading producer of bismuth containing materials and specialty chemicals, 5N Plus utilizes bismuth as an active ingredient in its products and thus a major consumer of bismuth metal. In the recent years, 5N Plus has significantly changed its procurement practices by markedly reducing purchases of commercial grade bismuth metal and instead has relied on proven process technologies to extract this metal from the various residues and secondary streams in its refining and recycling facilities. This approach has enabled the Company to significantly reduce metal related consumable costs. 5N Plus purchases these residues from its network of suppliers who generate them in the process of producing other metals and materials.
With bismuth notations continuing to decline and currently at a level not seen in nearly 25 years, certain suppliers have declared this part of their activities uneconomical and have begun to stop marketing these residues. Given this development and the current availability and price level for bismuth metal, 5N Plus will increase its commercial grade bismuth metal purchases to compensate for the reduction in bismuth output from its refining activities.
Bismuth Ingot 99.99%min FOB China
Unit:USD/lb
China bismuth ingot producers' sales volume statistics by province by month
Unit: mt
