【Flash | Sierra Gorda Payable Molybdenum Output Slumps 75% Year on Year】

Published: Oct 19, 2026 10:19 (GMT+8)

Save

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.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

31 mins ago

[Guangxi Shenglong Metallurgy Builds New Project]

The silicon steel line renovation project in the steelmaking plant south zone of Guangxi Shenglong Metallurgy Co., Ltd. is located within the existing plant area of Guangxi Shenglong Metallurgy Co., Ltd. in the port area of Fangchenggang. Construction scale and content: annual output of 3.4 million mt of slabs. The existing steelmaking production line in the south zone of the steelmaking plant will undergo technical renovation and operational optimization; the original two 150t LF ladle refining furnaces will be changed to one in operation and one on standby, the original No.1 continuous casting machine will be dismantled, and one RH furnace and its supporting public and auxiliary facilities will be built. At the same time, the existing No.2 and No.3 continuous casting machines and their supporting public and auxiliary facilities will undergo technical renovation and operational optimization to achieve continuous production of high-grade grain-oriented silicon steel and non-oriented silicon steel.

31 mins ago

32 mins ago

[China's January-September crude steel production at 724.77 million mt]

The latest data from the National Bureau of Statistics (NBS) show that China's crude steel production in September 2026 was 73.59 million mt, up 0.1% YoY; pig iron production was 65.34 million mt, down 1.4% YoY; steel products production was 118.17 million mt, down 3.8% YoY. In January-September, China's cumulative crude steel production was 724.77 million mt, down 2.9% YoY; cumulative pig iron production was 628.44 million mt, down 3% YoY; cumulative steel products production was 1.0671 billion mt, down 2% YoY.

32 mins ago

33 mins ago

[National Real Estate Market Performance from January to September 2026]

From January to September, national real estate development investment totaled 5,336.4 billion yuan, down 20.6% YoY. Of this, residential investment amounted to 4,112.5 billion yuan, down 20.5%.

33 mins ago