Kunming Rongke New Materials has won the entirety of the bismuth stock held by the collapsed Fanya Metal Exchange in an auction that ended on Saturday November 23, according to the official auction results posted on the Alibaba judicial online platform.
Kunming Rongke won the 19,228.05 tonnes of bismuth with a bid of 606.07 million yuan ($86.09 million). The winning bid, which was also the starting price for the auction, works out to a price of 31,520 yuan per tonne, the auction results showed.On October 28, Kunming Rongke won three auctions for 92.31 tonnes...