SMM, Aug. 21: According to an official announcement from Yunnan Copper Industry Science and Technology Development Co., Ltd., the recent public sale of 30 metric tons of crude selenium (in metal content) has been successfully concluded. SMM has learned that the buyer of this batch of crude selenium has not been disclosed by the company, but the final transaction price exceeded RMB 130,000 per metric ton. This price is significantly higher than recent market levels, though such an auction outcome was within market expectations. Following the news, suppliers of crude selenium have temporarily halted sales, leading to a holding-back sentiment in the markets for selenium dioxide and refined selenium as well. Many market participants have raised their offers, with some noting that the increase in crude selenium prices has also driven up the cost of selenium dioxide. Additionally, market insiders indicated that the rising auction prices for crude selenium in recent times reflect growing activity in the selenium market, boosting industry confidence in the future price trend of selenium.
