Korea Zinc to stop refining selenium on deteriorating prices

Korea Zinc will stop refining selenium as a byproduct of copper ore now that market levels have made it unprofitable, the company confirmed to Fastmarkets.

“We are stopping selenium production temporarily due to poor market conditions. We have been losing money for a while with this metal,” Kris Han, assistant sales manager at Korea Zinc, said.
“We will resume production in a healthier market, but it’s hard to tell when that will be at this point,” Han added.

The South Korean company produces around 60 tonnes per year of selenium at its plant in Onsan, which accounts for a small portion of the total 2,800 tonnes of refinery production worldwide, according to the latest data from...

Published

Cristina Belda

January 24, 2020

03:41 GMT

London