S.Korea buys zinc; seeks lead, aluminium

Friday, Jul 13, 2012
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  South Korea bought 2,000 tonnes of zinc for arrivals in September via tenders on Thursday, the state-run Public Procurement Service said on its website(www.g2b.go.kr).

  Details of the purchase are as follows:

  TONNE   SUPPLIER         PREMIUM(CIF/T)

  1,000   Korea Zinc Inc   $159

  1,000   Young Poong Corp $159

  * Note: The above premiums were made over London Metal Exchange (LME) prices.

  The agency separately issued tenders to buy a total of 6,000 tonnes of aluminium and reissued a tender for 1,000 tonnes of lead after passing on the tender on Thursday. Details of the aluminium and lead tenders are as follows:

  --Aluminium tenders at 3 p.m. (0600 GMT) on July 24

  TONNE   ARRIVAL/PORT    ORIGIN

  3,000   Sept 30/Incheon Western

  3,000   Sept 30/Incheon Non-Western

  * Note: For products of Western origin, the agency excludes those from China, India, Russia and Egypt. All of the metals should be from LME registered brands with minimum 99.7 percent purity.

  --Lead tender at 2 p.m. (0500 GMT) on July 17

  TONNE   ARRIVAL/PORT

  1,000   Sept 28/Busan

  * Note: All of the products should be from LME registered brands with minimum 99.99 percent purity.

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