S.Korea buys 3,500 T copper, 1,000 T zinc for Nov
SEOUL, Sept 21 (Reuters) - South Korea bought 3,500 tonnes of copper and 1,000 tonnes of zinc for November and reissued a tender to seek another 1,000 tonnes of zinc, the state-run Public Procurement Service said on its website (www.g2b.go.kr). The agency sought to buy a combined 2,000 tonnes of zinc via tenders that closed on Wednesday, but it passed to purchase 1,000 tonnes of zinc due to low participation. The reissued tender for zinc with a minimum purity of 99.995 percent will close at 2 pm (0500 GMT) on Sept. 27 and bids will open an hour after the deadline. Details of the purchase and the tender are as follows: --Copper, Zinc purchase METAL TYPE TONNES(M/T) ORIGIN PREMIUM/SUPPLIER Copper 3,500 Chile $57/ Andus Metal Zinc 1,000 South Korea $185/ Youngpoong Corp *Note: The above premiums were made over London Metal Exchange (LME) prices. --Reissued zinc tender TONNES(M/T) ARRIVAL/PORT 1,000 Nov.11/busan *Note: Two countries as origin is not acceptable and the metal products should be from London Metal Exchange (LME)-registered brands. (Reporting By Jane Chung; Editing by Gopakumar Warrier)
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