Yun Copper Technology's 30 mt of Crude Selenium Bidding Successfully Concluded [SMM Selenium]

SMM reported on August 21: According to the official news from Yunnan Copper Science & Technology Development Co., Ltd., the recent public sale of 30 mt of crude selenium with metal content was successfully transacted recently. SMM's understanding indicates that the company did not disclose the final buyer, but it stated that the transaction price exceeded 130,000 yuan/mt. This transaction price is indeed much higher compared to the recent market prices, yet such a tender result was within market expectations. Upon the release of this information, current crude selenium suppliers have temporarily halted shipments, and the markets for selenium dioxide and refined selenium have also entered a state of holding back sales. Many market traders have raised their quotes, and some market participants noted that as the price of crude selenium raw material has increased, the cost of selenium dioxide has also risen significantly. In addition, market participants pointed out that the continuous rise in the auction prices of crude selenium recently also demonstrates the growing trading activity in the selenium market, and the overall confidence of industry practitioners in the future trend of selenium prices is continuously strengthening.