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Selenium rally continues even as buyer resistance mounts

March 03, 2010 - 16:58 GMT Location: London

KEYWORDS: selenium , clementine wallop , manganese , la oroya

Selenium prices continued to rise on Wednesday as strong demand and tight spot supply lent support to the spot market

Selenium is trading at $34.50-38.50 per lb compared with $34-38 per lb previously. Little business was reported on Wednesday, although there is speculation in the European market that spot deals have already been struck at $40 per lb. “It’s still going up. We’re buying at $34.50 and selling up to $38. I’m telling my guys to book metal, but to be fair to the customers,” one market participant said. Traders have...

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