Bismuth Industry Annual Report 2025

Bismuth Industry Annual Report 2025

Contents

1 Definition, Type, Distribution, Application 4
1.1 Definition 4
1.2 Type 4
1.3 Distribution 4
1.3.1 World bismuth resources 4
1.3.2 Bismuth resources in China 4
1.3.2 Chinese bismuth resources 4
1.4 Application 4
2 Economy and Policy 5
2.1 China tightens export controls of critical materials 5
2.2 China to impose additional 34% tariff on all US imports 5
2.3 China to impose additional 34% tariff on all US imports 5
2.4 China raises tariffs on US imports from 34% to 84% 5
2.5 China raises tariffs on imported US products to 125% 5
2.6 China and U.Asian Metal Copyright9%min EXW 100% down price trend from 2025-04-01 to 2025-06-30 RMBkg 9 Graph 11 Bismuth trioxide 99.Asian Metal CopyrightS. reach deal to scale back tariffs 5
2.7 China strengthens control over export of strategic minerals 6
2.8 China adjusts tariffs on US imports 6
2.9 China Customs updates procedures for dual-use export control reviews 6
2.10 China steps up crackdown on strategic mineral smuggling 6
2.11 China issues two-year plan to stabilize growth in nonferrous industry 6
2.12 Guangxi boosts nonferrous and critical metals industry 7
2.13 China to extend suspension of 24% tariff on U.Asian Metal Copyright1.Asian Metal CopyrightS. goods 7
2.14 China makes major breakthroughs in rare and dispersed metals development 7
2.15 Guangxi unveils strategic five-year plan to boost mineral exploration 7
3 Market Movements 7
3.1 Domestic Market 7
3.1.Asian Metal Copyright9 China Customs updates procedures for dual-use export control reviews 6 2.Asian Metal Copyright1 Bismuth ingot 99.99%min EXW 100% down 7
3.1.Asian Metal Copyright20% YOY in 2025 17 7 Supply and Demand Outlook 17 7.Asian Metal Copyright1 Bismuth trioxide 99.9%min EXW 100% down 8
3.2 Export Market 9
3.2.Asian Metal Copyright3.Asian Metal Copyright1 Bismuth ingot 99.99%min FOB China 9
3.3 International Market 10
3.3.Asian Metal Copyright99%min delivered India price trend from 2025-01-01 to 2025-03-31 USDkg 13 Graph 30 Bismuth ingot 99.Asian Metal Copyright1 Bismuth ingot 99.99%min in warehouse Rotterdam 10
3.3.Asian Metal Copyright99%min EXW 100% down price trend from 2025-01-01 to 2025-12-31 RMBkg 7 Graph 4 Bismuth ingot 99.Asian Metal Copyright2 Bismuth ingot 99.99%min delivered America 12
3.3.Asian Metal Copyright1 Definition 4 1.Asian Metal Copyright3 Bismuth ingot 99.99%min delivered India 13
4 Company News 14
4.1 Wanye Enterprises to launch new bismuth production lines in H2 2025 14
4.2 Xingye Silver & Tin reports H1 mined production 14
4.3 CHINALCO plans joint venture for rare metals 14
4.4 Xingye Silver & Tin posts 24% revenue growth in Q1-Q3 14
5 Producers Statistics 14
5.1 AM Stats: China's bismuth ingot producers' total number statistics down by 4% in late 2025 14
5.2 AM Stats: Chinese bismuth ingot producers' annual production capacity up by 6.66% YOY in late Dec 2025 15
5.3 AM Stats: Chinese bismuth ingot producers' operating rate down by 20.75% YOY in 2025 15
5.4 AM Stats: China's bismuth ingot output down by 18.28% YOY in 2025 16
5.5 AM Stats: Chinese bismuth ingot producers' stocks up by 20.05% YOY in 2025 16
6 Customs Statistics 17
6.1 China's exports of bismuth ingot down by 80.20% YOY in 2025 17
7 Supply and Demand Outlook 17
7.1 Bismuth Ingot 99.99%min 17
7.2 Bismuth trioxide 99.9%min 18

Graph

Graph 1 The ranking and proportion of bismuth resources reserves in China's provinces in 2024 4
Graph 2 Distribution of main application industry of bismuth in 2024 4
Graph 3 Bismuth ingot 99.99%min EXW 100% down price trend from 2025-01-01 to 2025-12-31 (RMB/kg) 7
Graph 4 Bismuth ingot 99.99%min EXW 100% down price trend from 2025-01-01 to 2025-03-31 (RMB/kg) 7
Graph 5 Bismuth ingot 99.99%min EXW 100% down price trend from 2025-04-01 to 2025-06-30 (RMB/kg) 8
Graph 6 Bismuth ingot 99.99%min EXW 100% down price trend from 2025-07-01 to 2025-09-30 (RMB/kg) 8
Graph 7 Bismuth ingot 99.99%min EXW 100% down price trend from 2025-10-01 to 2025-12-31 (RMB/kg) 8
Graph 8 Bismuth trioxide 99.9%min EXW 100% down price trend from 2025-01-01 to 2025-12-31 (RMB/kg) 8
Graph 9 Bismuth trioxide 99.9%min EXW 100% down price trend from 2025-01-01 to 2025-03-31 (RMB/kg) 9
Graph 10 Bismuth trioxide 99.9%min EXW 100% down price trend from 2025-04-01 to 2025-06-30 (RMB/kg) 9
Graph 11 Bismuth trioxide 99.9%min EXW 100% down price trend from 2025-07-01 to 2025-09-30 (RMB/kg) 9
Graph 12 Bismuth trioxide 99.9%min EXW 100% down price trend from 2025-10-01 to 2025-12-31 (RMB/kg) 9
Graph 13 Bismuth ingot 99.99%min FOB China price trend from 2025-01-01 to 2025-12-31 (USD/kg) 9
Graph 14 Bismuth ingot 99.99%min FOB China price trend from 2025-01-01 to 2025-03-31 (USD/kg) 10
Graph 15 Bismuth ingot 99.99%min FOB China price trend from 2025-04-01 to 2025-06-30 (USD/kg) 10
Graph 16 Bismuth ingot 99.99%min FOB China price trend from 2025-07-01 to 2025-09-30 (USD/kg) 10
Graph 17 Bismuth ingot 99.99%min FOB China price trend from 2025-10-01 to 2025-12-31 (USD/kg) 10
Graph 18 Bismuth ingot 99.99%min in warehouse Rotterdam price trend from 2025-01-01 to 2025-12-31 (USD/kg) 11
Graph 19 Bismuth ingot 99.99%min in warehouse Rotterdam price trend from 2025-01-01 to 2025-03-31 (USD/kg) 11
Graph 20 Bismuth ingot 99.99%min in warehouse Rotterdam price trend from 2025-04-01 to 2025-06-30 (USD/kg) 11
Graph 21 Bismuth ingot 99.99%min in warehouse Rotterdam price trend from 2025-07-01 to 2025-09-30 (USD/kg) 11
Graph 22 Bismuth ingot 99.99%min in warehouse Rotterdam price trend from 2025-10-01 to 2025-12-31 (USD/kg) 11
Graph 23 Bismuth ingot 99.99%min delivered America price trend from 2025-01-01 to 2025-12-31 (USD/kg) 12
Graph 24 Bismuth ingot 99.99%min delivered America price trend from 2025-01-01 to 2025-03-31 (USD/kg) 12
Graph 25 Bismuth ingot 99.99%min delivered America price trend from 2025-04-01 to 2025-06-30 (USD/kg) 12
Graph 26 Bismuth ingot 99.99%min delivered America price trend from 2025-07-01 to 2025-09-30 (USD/kg) 12
Graph 27 Bismuth ingot 99.99%min delivered America price trend from 2025-10-01 to 2025-12-31 (USD/kg) 12
Graph 28 Bismuth ingot 99.99%min delivered India price trend from 2025-01-01 to 2025-12-31 (USD/kg) 13
Graph 29 Bismuth ingot 99.99%min delivered India price trend from 2025-01-01 to 2025-03-31 (USD/kg) 13
Graph 30 Bismuth ingot 99.99%min delivered India price trend from 2025-04-01 to 2025-06-30 (USD/kg) 13
Graph 31 Bismuth ingot 99.99%min delivered India price trend from 2025-07-01 to 2025-09-30 (USD/kg) 13
Graph 32 Bismuth ingot 99.99%min delivered India price trend from 2025-10-01 to 2025-12-31 (USD/kg) 13
Graph 33 Chinese bismuth ingot producers' annual production capacity from 2025-01 to 2025-12 (ton) 15
Graph 34 Chinese bismuth ingot producers' annual production capacity by province from 2025-01 to 2025-12 (ton) 15
Graph 35 Chinese bismuth ingot producers' operating rate from 2025-01 to 2025-12 (%) 15
Graph 36 Chinese bismuth ingot producers' operating rate from 2025-01 to 2025-12 (%) 16
Graph 37 Chinese bismuth ingot producers' monthly output from 2025-01 to 2025-12 (ton) 16
Graph 38 Chinese bismuth ingot producers' monthly output from 2025-01 to 2025-12 (ton) 16
Graph 39 Chinese bismuth ingot producers' monthly stocks from 2025-01 to 2025-12 (ton) 16
Graph 40 Chinese bismuth ingot producers' monthly stocks from 2025-01 to 2025-12 (ton) 16
Graph 41 China's exports of bismuth ingot by year from 2024 to 2025 (ton) 17
Graph 42 China's exports of bismuth ingot by countries and regions from 2024 to 2025 (ton) 17

Table

Table 1 Bismuth Product Classification from Level 1 to Level 4 in 2024 4
Table 2 The ranking and proportion of bismuth resources reserves in China's provinces in 2024 (ton) 4
Table 3 Distribution of main application industry of bismuth in 2024 5
Table 4 China's bismuth ingot producers' total number statistics by month from 2025-01 to 2025-12 (pcs) 14
Table 5 Chinese bismuth ingot producers' statistics from 2024 to 2025 14
Table 6 China's bismuth ingot producers' total number statistics by province by month from 2025-01 to 2025-12 (pcs) 14
Table 7 Chinese bismuth ingot producers' statistics by province from 2024 to 2025 15
Table 8 Chinese bismuth ingot producers' annual production capacity from 2024 to 2025 (ton) 15
Table 9 Chinese bismuth ingot producers' annual production capacity by province from 2024 to 2025 (ton) 15
Table 10 Chinese bismuth ingot producers' operating rate from 2023 to 2025 15
Table 11 Chinese bismuth ingot producers' operating rate from 2024 to 2025 16
Table 12 Chinese bismuth ingot producers' output from 2024 to 2025 (ton) 16
Table 13 Chinese bismuth ingot producers' output from 2024 to 2025 (ton) 16
Table 14 Chinese bismuth ingot producers' monthly stocks from 2023 to 2025 (ton) 16
Table 15 Chinese bismuth ingot producers' monthly stocks from 2024 to 2025 (ton) 17
Table 16 China's exports of bismuth ingot by month from 2024 to 2025 (ton) 17
Table 17 China's exports of bismuth ingot by countries and regions from 2024 to 2025 (ton) 17

.Asian Metal Copyright99%min EXW 100% down price trend from 2025-01-01 to 2025-03-31 RMBkg 7 Graph 5 Bismuth ingot 99Asian Metal Copyright