NEWSBREAK: South Africa’s Port of Durban reopens to all cargoes after suppliers struggle to find alternative export routes [UPDATED]

South Africa will now allow metal cargoes to be shipped from the Port of Durban during the country's 21-day lockdown, after many suppliers failed to find alternative export routes over the past week.

Since this article was first published, the South African port authority has said it is looking to reserve Durban port for the shipment of essential goods only, revoking the statement by the country’s maritime authority to allow processing of metals cargoes during the 21-day lockdown, Fastmarkets has learned. See link for latest update.

According to Marine Notice No21 of 2020, dated March 31, all cargoes can be loaded and offloaded at all ports of the country during the 21-day lockdown period, which started on March 23. 

The new announcement issued by South African Maritime Safety Authority came after last week’s announcement by the Port of Durban – the busiest port in sub-Saharan Africa – that it would not allow any metal exports, including cobalt and copper goods.

The move led to month-long delivery delays to Asia, with copper products from the Democratic Republic of the Congo (DRC) and Zambia – the two biggest copper-producing countries in Africa – being diverted to Beira Port in Mozambique, Dar es Salaam in Tanzania and Walvis Bay port in Namibia.

“While things are clear now on portside operations, [it would be useful if] transit and cross-border cargo movements from other African countries into South Africa were automatically, equally allowed,” an African producer source said.

What to read next
Asian spot copper premiums rose in the week ended Tuesday July 23, with premiums imported into China increasing on improved arbitrage terms. In the US market, supply failed to keep up with strong demand while in Europe participants were mostly off for the summer holidays
In the fourth episode of Fastmarkets critical minerals podcast Fast Forward, Freeport-McMoRan CEO and president Kathleen Quirk tells host Andrea Hotter why there's a preference to build and not build new supplies of copper right now
Demand for primary aluminium from the green transition remains a “brighter spot” for consumption amid an otherwise challenging downstream demand outlook, Eivind Kallevik, Norsk Hydro’s chief executive officer and president, told Fastmarkets in an exclusive interview on Tuesday July 23
Acquisition Company Limited (ACG) has agreed to buy the Gediktepe mine in Turkey — the company’s first deal as it works to build a sizeable mid-tier copper producer, its chairman and chief executive officer told Fastmarkets.
Copper market price speculation is driving the base metals narrative, head of research at UK-based services provider Sucden Financial Daria Efanova said during the company’s third-quarter metals webinar on Wednesday July 17.
Chinese mining giant CMOC reported a 178% year-on-year increase in cobalt metal production for the first six months of 2024, according to an announcement by the company on Friday July 12