Data: SHFE, DCE market movement (Jan 16)

H1 2026 sulfur imports fell by 771,000 mt YoY, a decline of nearly 30%. Combined imports from the four Middle Eastern countries (UAE, Qatar, Saudi Arabia, Kuwait) dropped by 1.52 million mt, a decrease of 62%. Canada emerged as a new major source, with imports rising from 172,000 mt to 328,000 mt (+90%), making it the second-largest origin. The average price in June surged to $885/mt, forming a pattern of “volume decline and price increase”.

Jubilee Metals has received two binding offers for the outright sale of its Large Waste Project in Zambia, a major copper tailings and waste-rock resource acquired for about US$18 million last year. Both bids are reportedly at a substantial premium to the original acquisition price. Jubilee expects to select a preferred bidder and target definitive agreements within roughly two weeks, with proceeds to be redirected toward expanding its existing Zambian copper operations.