There has been a rise in the number of cadmium tenders, boosted by healthy demand and higher cadmium prices, sources told Metal Bulletin.
Cadmium prices have been rising due to strong demand from India and a shortage of supply in the market. But supply has continued through tenders, according to market sources. Metal Bulletin assessed the 99.95% cadmium quotation at 140-150 cents per lb on Friday March 2 from 135-145 cents on Wednesday, while the 99.99% price rose to 145-165 cents per lb from 140-155 in the previous assessment. 99.95% and 99.99% cadmium prices to global main ports have risen from 97-105 cents and 99-108 cents per lb respectively at the start of the year. A Russian producer in Chelyabinsk is inviting bids for a cadmium tender for 99.95%...