The European bismuth price continued its uptrend in the latest pricing session, boosted by shipment delays that are affecting the delivery of material from China's Hunan Jinwang Bismuth, one of the biggest suppliers in the world.
Fastmarkets assessed the European bismuth price at $3.70-4.20 per lb on Friday February 1, slightly higher than in the midweek assessment when the metal stood at $3.70-4.10 per lb. Prices are up for the third consecutive session to the highest for the year so far. The price found support after Jinwang, which specializes in the production of high-purity bismuth metal as well as bismuth chemicals, sent a letter on January 25 to its overseas customers announcing delays that will affect next month's deliveries due to a shortage of raw material. The letter...