NEWSBREAK: Assmang declares force majeure in South Africa

Miner Assmang has declared force majeure on manganese shipments after South Africa imposed a 21-day lockdown to contain the spread of the novel coronavirus (2019-nCoV), Fastmarkets understands.

The company sent force majeure notices to customers on Wednesday March 25, becoming the second South African manganese miner to do so today, after United Manganese of Kalahari (UMK)

South African President Cyril Ramaphosa announced the lockdown on Monday evening, stating it would run from midnight on March 26 until April 17.

All of the country’s mines and smelters will be required to cease operations during the period.

Assmang is part of the Assore mining group, which produced 1.78 million tonnes of manganese ore in the first half of its 2020 financial year as well as 769,000 tonnes of chrome ore and 171,000 tonnes of manganese alloy.

What to read next
Information came to light that mill buying offers had been adjusted for July following Fastmarkets’ settlement of these prices on that date, leading to an incorrect published assessment for the following grades: MB-STE-0789 Steel scrap No1 heavy melting, consumer buying price, fob Montreal, Canadian $/net ton was previously published at C$245 ($179.41) per net ton, a C$10 […]
Mexico’s production and consumption of long steel fell year-on-year in May due to weakness in the country's construction sector, but posted a month on month gain, according to the latest data from the Mexican steel chamber, CANACERO.
This price is a part of the Fastmarkets scrap package. For more information on our North America Ferrous Scrap methodology and specifications please click here. To get in touch about access to this price assessment, please contact customer.success@fastmarkets.com.
Fastmarkets has corrected the rationale for its MB-CO-0021 cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets’ standard-grade cobalt price (low-end), which was published incorrectly on Wednesday July 2 due to a reporter error.
The prices are: The changes were made in order to ensure that the liquidity and price volatility in these markets is adequately captured. The changes were welcomed by market participants seeking more granular coverage and increased transparency. In the UK, the decline of domestic steelmaking means the scrap market is dominated by exports. Exporters told Fastmarkets that […]
Tariff concerns and opaque import regulations dominated discussions among aluminium and copper scrap market participants at the 2025 ASEAN Recycling Metals International Conference held in Thailand on June 18-20.