Jinlong Copper Industry Successfully Won the Bid for Crude Selenium [SMM Selenium]

SMM March 31 News: According to official information from Jinlong Copper Co., Ltd., Jinlong Copper recently publicly sold approximately 32 mt of physical weight, with an estimated metal content of around 24 mt of crude selenium, which was successfully transacted. SMM learned that the final buyer of this batch of crude selenium was unwilling to disclose their identity, but the official transaction price reached 155,000 yuan/mt. This transaction price is significantly higher compared to recent market prices. However, such a tender result was within market expectations. As selenium prices have shown an upward trend after a prolonged consolidation, many market suppliers of crude selenium have temporarily halted shipments, and the selenium dioxide and refined selenium markets have also shown a reluctance to sell. Many market traders have raised their offers. Market participants stated that such auction prices also prove that with the continued increase in market activity, industry professionals' confidence in the overall selenium market is steadily growing, and both suppliers and end-users are optimistic about the future market.