Monthly Bismuth Market Report Dec 2025

Contents

1 Market Highlights 2
2 Economy and Policy 2
2.1 China completes on-site phase for latest central environmental inspections 2
2.2 Guangxi unveils strategic five-year plan to boost mineral exploration 2
2.3 China steps up inspections to crack down on illegal mining 2
2.4 Inner Mongolia identifies proven reserves of 152 minerals to date 2
3.1 Chinese Market 2
3.1.Asian Metal Copyright2 AM Stats: Chinese bismuth ingot producers' output up by 10% MoM in Dec 2025 3 5.Asian Metal Copyright1 Bismuth Ingot 99.99%min EXW 100% down 2
3.1.Asian Metal Copyright01% MoM in Dec 2025 3 5.Asian Metal Copyright2 Bismuth Oxide 99.9%min EXW 100% down 2
3.2 Chinese Export Market 2
3.2.Asian Metal Copyright2 Bismuth Oxide 99.Asian Metal Copyright1 Bismuth Ingot 99.99%min FOB China 2
3.3 International Market 2
3.3.Asian Metal Copyright01% MoM in Dec 2025 3 5.Asian Metal Copyright1 Bismuth Ingot 99.99%min in Rotterdam Warehouse 2
3.3.Asian Metal Copyright2 Bismuth Oxide 99.Asian Metal Copyright2 Bismuth Ingot 99.99%min Delivered America 3
3.3.Asian Metal Copyright1.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 10.01% MoM in Dec 2025 3
5.2 AM Stats: Chinese bismuth ingot producers' output up by 10% MoM in Dec 2025 3
5.3 AM Stats: Chinese bismuth ingot producers' inventory down by 12.85% YoY in late Dec 2025 4
6 Export Statistics 4
6.1 China's unwrought bismuth (Bi>99.Asian Metal Copyright99% export volume rose 79.Asian Metal Copyright99%) export volume rose 79.70% MoM in Nov 2025 4

Graph

Graph 1 Chinese bismuth ingot 99.99%min price trend from 2025-11-01 to 2025-12-31 (RMB/t) 2
Graph 2 Chinese bismuth Oxide 99.9%min price trend from 2025-11-01 to 2025-12-31 (RMB/t) 2
Graph 3 Chinese bismuth ingot 99.99%min FOB price trend from 2025-11-01 to 2025-12-31 (USD/lb) 2
Graph 4 European bismuth ingot 99.99%min price trend from 2025-11-01 to 2025-12-31 (USD/lb) 3
Graph 5 American bismuth ingot 99.99%min price trend from 2025-11-01 to 2025-12-31 (USD/lb) 3
Graph 6 Indian bismuth ingot 99.99%min price trend from 2025-11-01 to 2025-12-31 (INR/kg) 3
Graph 7 Chinese bismuth ingot producers' operating rate from 2024-12 to 2025-12 (%) 3
Graph 8 Chinese bismuth ingot producers' operating rate by province from 2024-12 to 2025-12 (%) 3
Graph 9 Chinese bismuth ingot producers' monthly output from 2024-12 to 2025-12 (t) 3
Graph 10 Chinese bismuth ingot producers' monthly output from 2024-12 to 2025-12 by province (t) 3
Graph 11 Chinese bismuth ingot producers' inventory by month from 2024-12 to 2025-12 (t) 4
Graph 12 Chinese bismuth ingot producers' inventory by month and province from 2024-12 to 2025-12 (t) 4
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