Jinlong Copper Industry's 25 mt Crude Selenium Bidding Successfully Concluded [SMM Selenium]

SMM, September 28: According to market sources, Jinlong Copper recently publicly sold approximately 32 mt of crude selenium by physical weight, with an estimated metal content of around 25 mt, which was ultimately successfully transacted. Information obtained by SMM indicates that the final buyer of this batch of crude selenium remains unclear, but the final transaction price reached about 131,000 yuan/mt. This transaction price remains at the high end relative to recent market prices. Therefore, such a tender outcome was within market expectations. Market participants stated that this auction price also demonstrates that, with recent market activity remaining strong, industry players have strong confidence in the overall selenium market, and both suppliers and end-users are optimistic about the future market.