SMM Price Outlook for Base Metals on SHFE (May 25, 2017)

Centinela's two unions resumed voluntary mediation on October 13 and quantified the strike's operational impact. They said conventional haul trucks in service fell to 25 from 67, while 17 autonomous trucks were running compared with 21 normally. The unions represent more than half of critical equipment operators and over 60% of maintenance staff, warning impacts could intensify in November. Antofagasta Minerals earlier said the strike involved 709 workers, or 22% of direct employees, and kept its production outlook unchanged. Centinela's 2026 molybdenum guidance remains 3,000–3,500 tonnes of contained metal. No company statement has confirmed a molybdenum circuit shutdown or quantified lost molybdenum output, so SMM is not revising its supply forecast.

Amerigo Resources reported on October 13 that its wholly owned Minera Valle Central tailings operation in Chile produced and sold 0.36 million pounds, or about 163.3 tonnes, of contained molybdenum in the third quarter of 2026, up 2.9% year on year but down 5.3% from the second quarter. Nine-month output reached 1.15 million pounds, or about 521.6 tonnes, up 18.6% year on year and equal to 76.7% of its 1.5-million-pound annual guidance. Heavy rain reduced days available to process historic tailings, but plant availability remained 98.1%. The average molybdenum price rose to 32.38 United States dollars per pound from 29.15 in the second quarter. Figures are contained molybdenum, not physical concentrate mass.