Seonam is showing strong performance. It is interpreted that Seonam, which produces superconducting wires that can replace copper wires, has been affected by the surge in copper prices.
As of 9:43 AM on the 16th, Seonam is trading at 5,450 KRW, up 6.65% compared to the previous day.
On the 15th (local time), copper futures prices at the New York Mercantile Exchange reached a record high of $5.02 per pound. Copper prices have risen about 25% since the beginning of this year.
Copper is a key material used in cables for artificial intelligence (AI) data centers. As AI-related technologies advance and data center construction increases, copper demand is also explosively rising. However, copper supply is deteriorating due to delays in development by major producers and slow production growth.
Meanwhile, Seonam supplies superconducting wires that can replace copper wires to its customers. Most of its sales come from superconducting wire-related revenue.
Seonam has fully localized superconducting materials and produces high-performance (600A/cm) superconducting wires at speeds up to 10 times faster than competitors. Currently, it has commercialized second-generation high-temperature superconducting wires aiming to replace copper wires used in power equipment. In particular, it is conducting a project with LS Cable to install superconducting cables (supplying superconducting wires) using superconductors instead of copper in data centers.
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