Previous Close | 460,000.00 |
Open | 464,000.00 |
Bid | 468,000.00 x 0 |
Ask | 468,500.00 x 0 |
Day's Range | 460,000.00 - 465,000.00 |
52 Week Range | 435,000.00 - 564,000.00 |
Volume | |
Avg. Volume | 40,324 |
Market Cap | 9.605T |
Beta (5Y Monthly) | 0.37 |
PE Ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings Date | May 07, 2024 |
Forward Dividend & Yield | 10,000.00 (2.16%) |
Ex-Dividend Date | Dec 27, 2023 |
1y Target Est | 585,455.00 |
Korea Zinc announced today that the company has decided not to renew the sulfuric acid consignment contract with Young Poong, which is scheduled to expire on June 30, 2024. Korea Zinc's Onsan Refinery operates 20 sulfuric acid tanks and handled 1.6 million tonnes of sulfuric acid annually, including over 400,000 tonnes of sulfuric acid consigned by Young Poong's Seokpo Smelter in 2023.
SEOUL, South Korea, April 04, 2024--Pedalpoint Holdings, a U.S. subsidiary of Korea Zinc, announced its acquisition of Kataman Metals, a global scrap metal trading company.
Korea Zinc, the world's biggest producer of zinc, will prioritise domestic sales over exports in the event of any steep drop in South Korean smelting production, a senior executive told Reuters. The question of just how much zinc South Korea will be able to export has become a focal interest for zinc traders after the country's No. 2 producer Young Poong said last month it had cut production at its 400,000 metric ton-per-year Seokpo zinc smelter by a fifth. Sources at zinc raw material suppliers have since said they expect further production cuts from Young Poong, which has long been loss-making and is grappling with low prices and increases in electricity costs.