Latest Update in the SMM Indium / Germanium / Gallium Market

Dongfang Tantalum: Continuous Optimization of Product Structure and Capacity Release from Fundraising Projects, 2024 Net Profit up 13.94% YoY The 2024 performance express report released by Dongfang Tantalum on the evening of March 21 showed: In 2024, the company expected to achieve operating revenue of 1.28 billion yuan, an increase of 172.55 million yuan, up 15.57% YoY; it expected to incur operating costs of 1.04 billion yuan, an increase of 130.15 million yuan, up 14.30% YoY. The company anticipated a net profit attributable to the parent company's shareholders of 213.22 million yuan, an increase of 26.09 million yuan, up 13.94% YoY; it also expected to achieve a net profit attributable to the parent company's shareholders after deducting non-recurring gains and losses of 192.79 million yuan, an increase of 34.67 million yuan, up 21.92% YoY.

Dongfang Tantalum: Continuous Optimization of Product Structure and Release of Raised Fund Project Capacity, 2024 Net Profit up 13.94% YoY The 2024 performance express report released by Dongfang Tantalum on the evening of March 21 showed that in 2024, the company expected to achieve operating revenue of 1.28 billion yuan, an increase of 172.55 million yuan, or 15.57%, over the same period last year; it also expected to realize a net profit attributable to the parent company of 213.22 million yuan, an increase of 26.09 million yuan, or 13.94%, over the same period last year.

[SMM Commentary: Multiple Tungsten Enterprises Continue to Slightly Lower Long-Term Contract Prices When Will the Stalemate in the Tungsten Market Be Broken?] At the beginning of the week, some downstream demand orders were released, and market inquiries increased. Although the supply of circulating goods was tight, the overall trading volume remained stagnant, and tungsten prices continued to stabilize. Jiangxi Tungsten and Zhangyuan Tungsten further reduced their long-term contract prices in the second half of March. It is worth noting that Jiangxi Tungsten's long-term contract price for the second half of March was only 500 yuan lower per mt than in the first half of March. The reduction in prices for Zhangyuan Tungsten’s 55% black tungsten concentrate and 55% white tungsten concentrate in the second half of March also narrowed.

[SMM Commentary: Multiple Tungsten Enterprises Continue to Slightly Lower Long-Term Contract Prices When Will the Stalemate in the Tungsten Market Be Broken?] At the beginning of the week, some downstream demand orders were released, and market inquiries increased. Although the supply of circulating goods was tight, the overall trading volume remained stagnant, and tungsten prices continued to stabilize. Jiangxi Tungsten and Zhangyuan Tungsten further reduced their long-term contract prices in the second half of March. It is worth noting that Jiangxi Tungsten's long-term contract price for the second half of March was only 500 yuan lower per mt than in the first half of March. The reduction in prices for Zhangyuan Tungsten’s 55% black tungsten concentrate and 55% white tungsten concentrate in the second half of March also narrowed.

[President of DRC Meets US Presidential Envoy] According to Mining.com citing Reuters, the DRC presidential office said that President Felix Tshisekedi met with US Representative Ronny Jackson to discuss security in the eastern part of the country and US investment.

[Antimony Oxide Exports in February Nationwide] According to customs data, China's antimony oxide exports in February 2025 were 839.42 mt, down 50.88% MoM from 1,707.37 mt in January.

Chongyi Zhangyuan Tungsten Co., Ltd. Continues to Lower Long-Term Contract Prices for Second Half of March According to a message from Chongyi Zhangyuan Tungsten Co., Ltd. on March 20, the long-term contract prices for the second half of March are as follows: 1. 55% Black Tungsten Ore: 137,500 yuan/mt, a decrease of 1,500 yuan/mt from the previous round; 2. 55% White Tungsten Ore: 136,500 yuan/mt, a decrease of 1,500 yuan/mt from the previous round; 3. Ammonium Paratungstate (National Standard Grade Zero): 206,000 yuan/mt, a decrease of 3,000 yuan/mt from the previous round. Note: The above prices include 13% VAT.