Antimony Sales Reach 250 Billion Won in Third Quarter
Gold Cumulative Sales Approx. 1.3 Trillion Won in Q3, Doubling Year-on-Year
Korea Zinc achieved its highest-ever quarterly performance, marking its 103rd consecutive quarter of operating profit.
Last September, Choi Yunbeom, Chairman of Korea Zinc, visited the Onsan Smelter in Ulsan to inspect the preparation site for the new germanium plant. Korea Zinc
On November 5, Korea Zinc announced that its consolidated sales for the third quarter surpassed 4 trillion won for the first time in its history, setting a new record. Consolidated sales for the third quarter of this year reached 4.1598 trillion won, a 29.7% increase compared to the same period last year. Operating profit rose by 82.3% year-on-year to 273.4 billion won.
On a separate basis, third-quarter sales amounted to 2.6092 trillion won, up 28.6% from the same period last year. Operating profit was 235.1 billion won, a 31.2% increase year-on-year.
A Korea Zinc representative explained, "Due to the impact of China’s export control measures, prices in the key critical minerals market have remained high. As the only domestic producer of strategic minerals such as antimony, indium, and bismuth, Korea Zinc has worked to improve recovery rates and succeeded in its first export of antimony to the United States, thereby increasing sales volume." The representative added, "Strong sales of strategic minerals and precious metals contributed to the robust results."
For antimony, a core material for the defense industry, cumulative sales in the third quarter of this year reached approximately 250 billion won. Cumulative sales of indium, used in the display industry, were about 40 billion won in the third quarter, up around 40% year-on-year. With investor sentiment continuing to favor safe-haven assets, precious metals also performed strongly. Cumulative silver sales through the third quarter exceeded 2.3 trillion won, while gold sales surpassed 1.3 trillion won.
Meanwhile, the Korea Zinc board of directors resolved to confirm the year-end dividend and the record date for 2025. The dividend per share will be 20,000 won, an increase of 2,500 won from last year’s 17,500 won, with the record date set for December 31 of this year. Accordingly, approximately 363.7 billion won will be distributed to 18,183,516 common shares, excluding 1,159,747 treasury shares. Including the fulfillment of the 1.6689 trillion won treasury stock cancellation commitment, Korea Zinc’s total shareholder return for this year will reach a record 2.0326 trillion won.
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