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

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...

Published

Mark Burton

March 28, 2011

14:18 GMT

London