【Flash | Centinela Strike Ends Without Disclosed Molybdenum Output Loss】

South32 Limited reported payable molybdenum production of 0.2 thousand tonnes, or about 200 tonnes, from its 45% interest in the Sierra Gorda mine for the September 2026 quarter. Output fell 75% year on year and 50% from the preceding quarter. Payable molybdenum sales were also about 200 tonnes, down 67% year on year and 60% from the preceding quarter. In contrast, payable copper production rose 2% year on year and 17% from the preceding quarter to 18,700 tonnes. South32 cited higher planned copper grades and temporary wet-weather effects but did not explain the molybdenum decline. The figures represent South32’s 45% attributable share, not total mine output or molybdenum concentrate mass.

Metinvest CEO Yuriy Ryzhenkov urged the EU to scrap import restrictions on Ukrainian steel, saying Ukraine was 'bundled together' into measures targeting cheap Chinese and Turkish imports. The EU caps duty-free steel imports at 18.3 million tonnes a year, 47% below 2024 levels, with some country quotas. Ukrainian industry estimates exports to the EU could eventually fall 50-60%. The European Commission said it considered Ukraine's situation and offered compensation to major suppliers, though its quota is below past years. Before the 2022 invasion, metallurgy and mining were about 10% of national income and a third of exports. Ryzhenkov said strikes have intensified; in September Ukraine produced no steel for the first time in 150 years. Nearly 800 Metinvest workers have been killed.

PT Krakatau Steel (Persero) Tbk (KRAS) has signed a Long Term Supply Agreement (LTSA) with Australian Steel Traders Pty Ltd (ASTRADERS) to supply 30,000 tonnes per year of hot-rolled coil (HRC) and/or hot-rolled sheet (HRS). The agreement was signed on October 14, 2026, at Trade Expo Indonesia 2026 in Tangerang. Vice President of Sales III Muhammad Nur Mulianto Putra said the deal opens opportunities to supply Krakatau Steel products to Australia and New Zealand through ASTRADERS' trading network, subject to product fit, pricing, certification, and market conditions. The agreement also covers potential sales of HRPO, CRC, and other products agreed by both parties. ASTRADERS will also support Krakatau Steel in obtaining the certifications required in both markets, including the Australasian Certification Authority for Reinforcing and Structural Steels (ACRS) and Steel Sustainability Australia (SSA).