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specialty_metal · byproduct
Bottom line
Bismuth sits on 2 federal critical-minerals lists; mine supply is concentrated (HHI 0.35, 2024), led by 🇨🇳 China at 54% of output. The US is 92% net import-reliant (2025). Prices rose 270% over the past year (+52%/yr over 4y).
At a glance
Price · 2025
20dollars per pound
USGS MCS (Price, average, dollars per po)
Price trend
+270% 1Y
+52%/yr · 4Y CAGR
US net import reliance · 2025
92%
Mine production HHI
0.35
Concentrated · 2024
From ore to use
lifecycle flow
-
16.4Kt
China top · 2025
1.9Kt
net importer · 2025
Coverage
Provenance
360t
year-end · 2025
700t
Consumption: Reported · 2024
Methodology
The eight-stage lens, the observed-vs-estimated membrane, stage-honest supply, per-stage concentration, ownership resolution and the demand lens - the full method is illustrated live on copper, nickel and lithium.
midstream_components_seed
ni43101_deposits
ownership_control_seed
usgs_critmin_deposits_v2
usgs_mine_waste
usgs_mrds_2016
usmin_critical_deposits
16 sources · titles open the source card · url opens the publisher