SEOUL, KOREA - The share price of Korea Zinc has risen on the news that the international gold price recovered the US$1,400 level an ounce. At 9:20 am on June 4, Korea Zinc shares are traded at 331,000 won, 2.80 percent higher than the previous day's 322,000 won. On the New York Mercantile Exchange on the previous day, gold for August delivery rose 1.40 percent to $1,411.90.
Korea Zinc is one of the world's major non-ferrous metal smelters, with zinc and lead as its main items. Gold, silver, and sulfuric acid are by-products of a process producing zinc and lead. That's why the company's share price is highly sensitive to the movements of international precious metal prices.
The company exports about 80 percent of its output. Korea Zinc's largest shareholder is Young Poong Group, with a 51.15-percent stake.
저작권자 © Korea IT Times 무단전재 및 재배포 금지
