There is an upside potential for bismuth prices in the next two years, according to Chinese bismuth-producer Hunan Jinwang Bismuth's president, Wu Zuxiang, talking at the Minor Metals Trade Association (MMTA) conference in Montreal last week.
"After the continual low price in 2014-2017, the bismuth price has no more room to decline greatly," Zuxiang told delegates at the annual MMTA conference.Concurrently, low prices created some new application markets, showing room for future growth, he added."With the obvious shrink in the global bismuth market, the expected growth of demand is accelerating. The toughest period of the market has passed. Due to the global economic recovery and the expectation of global inflation, it is expected that the price will rise steadily. There will be chances for prices to regain losses in 2018-2019 on a great scale," he said.Metal Bulletin assessed bismuth in-warehouse prices at $5.10-5.35 per lb on Friday April 13, up 0.5% from the previous assessment.Bismuth prices traded steadily for the most part of...