Monthly Bismuth Market Report Nov 2025

Contents

1 Market Highlights 2
2 Economy and Policy 2
2.1 China to extend suspension of 24% tariff on U.Asian Metal Copyright2 AM Stats: Chinese bismuth ingot producers' output up by 0.Asian Metal CopyrightS. goods 2
2.2 China launches 2025 nationwide workplace safety checks 2
2.3 China launches fifth batch of third-round of environmental inspections 2
2.4 China makes major breakthroughs in rare and dispersed metals development 2
3.1 Chinese Market 2
3.1.Asian Metal Copyright99%min FOB China 2 3.Asian Metal Copyright1 Bismuth Ingot 99.99%min EXW 100% down 2
3.1.Asian Metal Copyright99%min price trend from 2025-10-01 to 2025-11-30 USDlb 2 Graph 5 American bismuth ingot 99.Asian Metal Copyright2 Bismuth Oxide 99.9%min EXW 100% down 2
3.2 Chinese Export Market 2
3.2.Asian Metal Copyright99% export volume declined 86.Asian Metal Copyright1 Bismuth Ingot 99.99%min FOB China 2
3.3 International Market 2
3.3.Asian Metal CopyrightContents 1 Market Highlights 2 2 Economy and Policy 2 2.Asian Metal Copyright1 Bismuth Ingot 99.99%min in Rotterdam Warehouse 2
3.3.Asian Metal Copyright4 China makes major breakthroughs in rare and dispersed metals development 2 3.Asian Metal Copyright2 Bismuth Ingot 99.99%min Delivered America 3
3.3.Asian Metal Copyright99%min FOB price trend from 2025-10-01 to 2025-11-30 USDlb 2 Graph 4 European bismuth ingot 99.Asian Metal Copyright3 Bismuth ingot 99.99%min Delivered India 3
4 Company News 3
5 Producers Statistics 3
5.1 AM Stats: Chinese bismuth ingot producers' operating rate down by 0.92% MoM in Nov 2025 3
5.2 AM Stats: Chinese bismuth ingot producers' output up by 0.91% MoM in Nov 2025 3
5.3 AM Stats: Chinese bismuth ingot producers' inventory down by 30.90% YoY in late Nov 2025 4
6 Export Statistics 4
6.1 China's unwrought bismuth (Bi＞99.Asian Metal Copyright1 AM Stats: Chinese bismuth ingot producers' operating rate down by 0.Asian Metal Copyright99%) export volume declined 86.25% YoY in Oct 2025 4

Graph

Graph 1 Chinese bismuth ingot 99.99%min price trend from 2025-10-01 to 2025-11-30 (RMB/t) 2
Graph 2 Chinese bismuth Oxide 99.9%min price trend from 2025-10-01 to 2025-11-30 (RMB/t) 2
Graph 3 Chinese bismuth ingot 99.99%min FOB price trend from 2025-10-01 to 2025-11-30 (USD/lb) 2
Graph 4 European bismuth ingot 99.99%min price trend from 2025-10-01 to 2025-11-30 (USD/lb) 2
Graph 5 American bismuth ingot 99.99%min price trend from 2025-10-01 to 2025-11-30 (USD/lb) 3
Graph 6 Indian bismuth ingot 99.99%min price trend from 2025-10-01 to 2025-11-30 (INR/kg) 3
Graph 7 Chinese bismuth ingot producers' operating rate from 2024-11 to 2025-11 (%) 3
Graph 8 Chinese bismuth ingot producers' operating rate by province from 2024-11 to 2025-11 (%) 3
Graph 9 Chinese bismuth ingot producers' monthly output from 2024-11 to 2025-11 (t) 3
Graph 10 Chinese bismuth ingot producers' monthly output from 2024-11 to 2025-11 by province (t) 3
Graph 11 Chinese bismuth ingot producers' inventory by month from 2024-11 to 2025-11 (t) 4
Graph 12 Chinese bismuth ingot producers' inventory by month and province from 2024-11 to 2025-11 (t) 4
.Asian Metal Copyright99%min Delivered India 3 4 Company News 3 5 Producers Statistics 3 5Asian Metal Copyright