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Sulphur 417 Mar-Apr 2025

19 March 2025

Glencore looking to extend life of Mt Isa

Glencore looking to extend life of Mt Isa

Glencore says it is working with the Queensland government to secure the future of the Mount Isa copper smelter. The company had previously indicated that it would close the smelter in 2030, but recent media reports suggest that the government is looking at assistance to keep the smelter operational, which currently treats more than 1 million t/a of copper concentrate and supplies sulphuric acid to other industries locally, including phosphate production.

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Price Trends

The global sulphur market has entered a holding pattern, as a wave of bearish sentiment has so far failed to move stubbornly high spot prices. The departure of a significant volume of product from the Middle East has emboldened buyers and shifted market sentiment firmly towards bearish, but at time of writing this has so far failed to translate into lower prices. With sellers in no hurry to lower prices and spot availability still tight, the market has stalled as both sides wait for the other to blink first.

Restart for Hongda smelter

Hongda's 100,000 t/a zinc smelter, in China's Sichuan Province, completed scheduled maintenance and equipment upgrading and officially resumed production on 21st June, the company said. The smelter had been shut down for planned maintenance since January, during which time a modernisation project for the electrolytic zinc smelting system was also carried out. Following the nearly six-month revamp, the resumption of production is expected to improve overall operational efficiency, reduce unit production costs, and increase the utilisation rate, The company said. The stable supply of sulphuric acid generated by the zinc smelter will effectively leverage the synergies of the "sulphur-phosphorus" industrial chain in the company, an help alleviate cost pressures on the company's phosphorus chemical business segment.