Upstream Manganese Volumes Beat Estimates, but Downstream Demand Remains Lukewarm

Manganese markets are showing a tale of two sides: robust supply but cautious demand. In its latest quarterly production update, South32 Ltd. (ASX: S32) surprised analysts with a 135% jump in manganese output, far exceeding expectations and reinforcing its position as one of the world’s leading producers of this essential energy-transition metal. Yet, despite the […]

Mine Supply Disruptions Push International Copper Study Group to Flag 2026 Copper Deficit

Copper’s long-term bullish narrative just gained new momentum — and not for the reasons investors might have hoped. The International Copper Study Group (ICSG) has revised its 2025 mine supply growth outlook downward to just 1.4%, citing production setbacks at several of the world’s largest copper operations, including Codelco’s El Teniente and Freeport-McMoRan’s Grasberg. The […]