Rwanda spot offers at “4.8+” leave one buyer waiting

[SMM Tantalum Flash] A trader quotation recorded on 2 October in the supplied survey lists DRC-origin coltan described as 38% Ta₂O₅ at US$60,000 per tonne, or US$60/kg. The sheet marks it CIF, names Dar es Salaam as the origin port and leaves the destination blank. The same trader mentioned US$43/kg for material spanning 6–35% grade. These are two received asking indications from one trader; the survey provides no accepted order or completed-trade evidence. At the stated 38% grade, US$60/kg calculates to about US$1.58 per kg per grade percentage point. A separate 9 October conversation described traders sourcing from the DRC and routing material through Zambia towards Dar es Salaam, but did not link a shipment to this quoted lot. Assay, quantity and delivery terms still need checking. This small survey sample does not establish a DRC-wide price or a price movement.

South Africa’s high-carbon ferrochrome exports rose to 117,180 mt in August 2026, up 20.0% month-on-month from July’s restated 97,618 mt and around 45.8% higher than a year earlier, though still 5.0% below June’s 123,310 mt. Canada’s imports jumped from 1,054 mt to 26,373 mt, making it the largest destination, while the United States rose 128.0% to 26,029 mt. Together the two markets took 44.7% of exports, against 12.8% in July. China fell 27.5% to 20,505 mt, cutting its share to 17.5% from 29.0% and dropping it to fourth place, as weak demand and ample domestic supply limited its appetite; SMM data show Chinese ferrochrome supply grew 12.94% in the first half of 2026 while stainless-related chrome demand rose only 2.3%. South Korea rose 43.3% to 20,790 mt, while Japan fell 42.1% to 13,727 mt. Merafe expects the ramp-up of the restarted Wonderkop and Boshoek smelters to be fully complete towards the end of the year.

South Africa’s chrome ore exports fell to 2.36 million tonnes (2,363.8 kt) in August 2026, down 10.75% month-on-month from July’s restated 2,648.5 kt and below June’s 2.40 million tonnes, making August the weakest month in the April–August series. China took 1,674.4 kt, down 6.09%, but its share rose from 67.3% to 70.8% because exports to all other destinations combined fell 20.35%. Singapore was the only named destination to grow, rising 10.33% to 224.5 kt, while Indonesia fell 40.0% to 90.0 kt and “Others”, which now includes the UAE, fell 53.4% to 112.6 kt. The pullback traces to the Chinese side of the trade: port inventories stayed near or above 5 million tonnes (5.04 Mt on September 24), the market entered its consumption off-season, and weaker ferrochrome prices squeezed smelter margins. China Customs data show August arrivals from South Africa at 1.89 million tonnes, down 13.13% month-on-month.