This market resolves YES if China ex-works zirconium sponge spot price exceeds 38 USD/kg on March 31, 2027.

What is being measured: Nuclear-grade zirconium sponge ex-works China spot price (USD/kg, Hf < 100 ppm) on or nearest to March 31, 2027.

YES if: China Zr sponge price >= 38 USD/kg on March 31, 2027 NO if: China Zr sponge price < 38 USD/kg on March 31, 2027

Resolution sources (priority order):

Asian Metal — zirconium sponge China domestic spot price (asianmetal.com)

USGS Mineral Commodity Summaries — Zirconium section (usgs.gov/minerals/pubs/mcs)

SMM (Shanghai Metals Market) — zirconium sponge price (smm.cn)

Argus Metals International — zirconium sponge China