Copying and distributing are prohibited without permission of the publisher

Selenium, tellurium at new all-time highs in tight market

March 28, 2011 - 14:18 GMT Location: London

KEYWORDS: Selenium , tellurium , supply , copper , Japan , production , PPC , Mitsubishi , STDA

Selenium and tellurium reached new all-time highs on Friday as the supply bottleneck seen throughout the year caused consumers to bid higher still

Rotterdam-basis selenium traded at $61-$73 per lb on Friday, up from $61-70 per lb previously, as consumers struggled to secure spot material. A single large deal was concluded at the low end of the range, but most reported business was for small lots of material sold in excess of $70 per kg. “Most producers are just satisfying their long-term contracts at the moment,” one seller told MB. “We don’t have any material for prompt delivery and I don’t expect we’ll...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.

If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.

A standard subscription include one year's worth of news and prices. You can also upgrade to the full archive and benefit from more than 13 years of intelligence. Start your subscription today.

Free trial

Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.

Free trial

Already have an account?

Copper

May 24, 2012 00:15 PolyMet expects review by 1st qtr.
May 23, 2012 19:51 Trevali buys mill to ease Halfmile start-up
May 23, 2012 17:06 CLOSE TO CLOSE: Base metals prices suffer further under euro uncertainty in LME kerb
May 23, 2012 16:30 PODCAST: A brief introduction to Kazakhstan’s mining industry
May 23, 2012 14:31 Euro strife drives base metals prices lower in LME officials

Minor & Precious Metals

May 24, 2012 00:15 PolyMet expects review by 1st qtr.
May 24, 2012 00:12 Electrolytic manganese sale price irks market
May 23, 2012 19:51 Trevali buys mill to ease Halfmile start-up
May 23, 2012 17:01 MB NON-FERROUS PRICE CHANGES
May 23, 2012 15:47 Ferro-titanium prices dwindle as suppliers lower ambitions

Comment & analysis

EXPERT VIEW FROM ERNST & YOUNG: Horror week favours the brave

Seven days is a long time in the investment world, but last week must have felt longer than most.
COMMENT: When super-cycle poster child BHP Billiton trims its plans...

BHP Billiton is one of the poster children for the commodities super-cycle: a mining company whose immense upstream assets in copper and iron ore have fed the industrialisation of China since the early years of the 21st century and enabled it to return $52 billion to shareholders between 2001 and 2011.
LORD COPPER: There is nothing to fear after JP Morgan loss ...

So, here we go again. Another bank, another huge trade gone bad. This one doesn’t even appear to have been a case of rogue trading; a whole desk seems to have been operating with the full knowledge of the management and/or risk committee.