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Saturday, March 22, 2025

Bismuth: China Uses Minerals Processing Leverage to Counter Trump Tariffs and Bismuth Prices Rise by More Than Five Times

     China reacted to Trump tariffs by restricting bismuth exports, once again using their considerable ‘minerals processing leverage.’ In December 2024, China restricted exports of antimony, germanium, gallium, and superhard materials in response to U.S. chip export restrictions. I wrote about antimony then.






     According to Wikipedia:

Elemental bismuth occurs naturally, and its sulfide and oxide forms are important commercial ores. The free element is 86% as dense as lead. It is a brittle metal with a silvery-white color when freshly produced. Surface oxidation generally gives samples of the metal a somewhat rosy cast. Further oxidation under heat can give bismuth a vividly iridescent appearance due to thin-film interference. Bismuth is both the most diamagnetic element and one of the least thermally conductive metals known.”

“{Bismuth compounds} are used in cosmetics; pigments; and a few pharmaceuticals, notably bismuth subsalicylate, used to treat diarrhea. Bismuth's unusual propensity to expand as it solidifies is responsible for some of its uses, as in the casting of printing type. Bismuth, when in its elemental form, has unusually low toxicity for a heavy metal. As the toxicity of lead and the cost of its environmental remediation became more apparent during the 20th century, suitable bismuth alloys have gained popularity as replacements for lead. Presently, around a third of global bismuth production is dedicated to needs formerly met by lead.”

Bismuth is also the active ingredient in over-the-counter diarrhea medicines like Pepto-Bismol and Kao pectate. It is used in formulations to treat several gastrointestinal disorders and microbial diseases like shigellosis. It is also used as a pigment in cosmetics and for artistic painters. A summary of its uses is given below. The U.S. Geological Survey notes that recycled bismuth-containing alloy scrap is thought to compose up to 3% to 10% of U.S. bismuth consumption from 2020–2024.






     The USGS also notes that bismuth is rarely produced as a primary product. It is mostly produced as a byproduct of other metals mining:

Bismuth minerals rarely occur in sufficient quantities to be mined as principal products; bismuth is produced most often as a byproduct during the processing of lead ores. In China and Vietnam, bismuth is also produced as a byproduct or coproduct of tungsten and other metal ore processing. In Japan and the Republic of Korea, bismuth is produced as a byproduct or coproduct of zinc ore processing. The Tasna Mine in Bolivia, which has been inactive since 1996, and a mine in China are the only mines where bismuth has been the primary product.”




Data Source: U.S. Geological Survey



     Bloomberg reports that there are non-Chinese companies hoping to ramp up bismuth production later this decade:

As the major supplier of bismuth to the world, China is effectively shooting itself in the foot with export restrictions causing huge spikes in the price that may incentivize customers to look for alternative materials,” Robin Goad, chief executive officer of Fortune Minerals Ltd., which aims to mine metals including bismuth later this decade, said in an interview. “This is not good for the market over the longer term.”







     The bottom line is perhaps that we remain overly dependent on China for minerals and metals processing/refining. For geopolitical purposes, we are orienting toward less dependency on China, domestic metals production, and buying refined metals from alternative suppliers. However, it takes money and time to ween ourselves from Chinese metals refining dominance.  

 


References:

 

A Critical Metal Jumps 500% After Xi Replies to Trump Tariffs. Bloomberg News. March 21, 2025. A Critical Metal Jumps 500% After Xi Replies to Trump Tariffs

Bismuth. U.S. Geological Survey. 2025. mcs2025.pdf - Mineral Commodity Summaries 2025

Bismuth. Wikipedia. Bismuth - Wikipedia

Bismuth Facts – Bi or Atomic Number 83. Anne Helmenstine (updated on February 26, 2025). Science Notes. Bismuth Facts - Bi or Atomic Number 83

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