Over the past decade, the bismuth price has fluctuated between US$3 and US$14 per pound (99.99% bismuth ingots). Prices rose dramatically in 2007 following a state-directed effort to concentrate bismuth production in China. This led to the closure of numerous smelters in the country, which accounts for 80 to 90 percent of global refined bismuth production. This drove bismuth prices to around US$ 14 per pound.
The global financial crisis brought bismuth back down closer to US$ 7 per pound. Between 2010 and 2014, speculative investment in bismuth metal by the Fanya Metal Exchange - which claimed to have bought over 18,000 metric tonnes in about a two year period - brought prices back up to around US$ 10 per pound. Investigations into activities at the Exchange resulted in an abrupt end to these purchases and prices falling dramatically to around US$ 5 per pound by 2015.
SMI Ltd. stocks and supplies 99.99% bismuth ingots, as well as bismuth needles, bismuth powder and high purity bismuth. Please contact us to purchase bismuth metal, to discuss your specific requirements or for a current bismuth price.