Ivanhoe Mines says that the first copper anodes were produced by Kamoa-Kakula’s 500,000 t/a direct-to-blister copper smelter on December 29, 2025, approximately five weeks after the commencement of the smelter’s heat-up and one week after the first feed of concentrate.
Metso has booked the third part of its order for JSC Almalyk Mining and Metallurgical Complex’s copper smelter project based on the equipment and project services delivery contracts announced on August 9, 2024. The first parts of the order, worth €146 million were booked in 4Q 2024, and the second part, worth €50 million in 1Q 2025. The order value recorded in 4Q 2025 is €70 million.
Three German subsidiaries of the Belgian chemical group DOMO Chemicals have filed for insolvency, following weak demand in the European chemicals sector, high energy costs and a significant increase in imports of polyamide resins from outside the European Union, in particular from China. Court appointed administrator Prof. Lucas F. Flöther said that day-to-day operations would continue for the time being. Around 585 employees are affected across the three companies; DOMO Chemicals GmbH and DOMO Caproleuna GmbH in Leuna and DOMO Engineering Plastics GmbH in Premnitz.
Chatham Rock Phosphate has agreed to sell its wholly-owned Australian subsidiary Avenir Makatea Pty Ltd to Austure Industries Pty Ltd for A$1.4 million, including A$900,000 in cash over a 24-month period, and a 20% shareholding in Austure Phosphate AU Pty Ltd, a newly-formed subsidiary of Austure, to establish a mono- and dicalcium phosphate manufacturing plant in Cloncurry. Colin Randall, Chatham Executive Director has been appointed a Director of Austure Phosphate AU Pty Ltd.
Flash floods in the Moroccan port city of Safi killed at least 37 people in December and injured many others, with knock on effects also likely to impact exports from phosphate producer OCP. Jorf Lasfar is the phosphate giant's main export hub for phosphate fertilizers and phosphoric acid, while Safi exports smaller volumes of phosphoric acid, TSP and animal feed products. Phosphate rock exports are largely concentrated at the port of Casablanca further north. OCP produces around 420,000 t/a triple superphosphate and 1.63 t/a phosphoric acid at Safi, as well as around 62,000 t/a dicalcium phosphate and 70,000 t/a monocalcium phosphate.
Mosaic has started activities to idle single super phosphate (SSP) production at its Fospar and Araxá facilities in Brazil due to the recent sharp increase in sulphur prices, the company said 16 December. The company said it has also suspended future purchases of sulphur, and it may review these decisions after 30 days. Sulphur spot prices in Brazil were assessed by CRU at $515/t c.fr at the time, representing the highest level since June 2022, and a staggering 180% increase from the figure of $182/t c.fr at the start of 2025. Prices for SSP, however, have been relatively stable, with only slight increases in recent weeks. CRU's assessment for 18-20% SSP was at $200-245/t c.fr Brazil in December, up from $190-240/t in November, though it remains below the $230-265/t of June.
Iraq’s Ministry of Industry and Minerals confirmed on Wednesday its intention to proceed with the construction of a new phosphate plant in Al-Qaim district, Anbar province, to use 10 billion tonnes of phosphate reserves. The ministry also revealed the expected production volume and the total value of the project. Ministry spokesperson, Duha Al-Jubouri, told the Iraqi News Agency (INA): “This project aims to revive this sector after the near-total destruction of the phosphate plant due to terrorist operations.” She explained that “the project is being implemented in partnership with the private sector and is considered one of the mega-projects that reflects the significant potential Iraq possesses.”
Viva Energy has commissioned a new ultra-low sulphur gasoline (ULSG) plant at its Geelong refinery to meet Australia’s updated fuel standards, which came into effect on December 15. Under the standards, all gasoline grades must contain a maximum of 10 parts per million (ppm) sulphur, a so-called Euro-V standard. The ULSG plant was officially opened by the Minister for Climate Change and Energy, Chris Bowen MP, alongside Viva Energy Chairman Robert Hill and CEO Scott Wyatt.
The deficit in the sulphur market has led to a new focus on melting down and selling stockpiles of sulphur around the world. From Kazakhstan to Canada, stocks of sulphur have been shrinking.
The global sulphur market’s bullish momentum from late 2025 has firmly carried over into the New Year, with prices pushing forward across most key regions despite a slow return to spot trading after the holiday break. With spot prices now past their 2022 highs and testing levels not seen since the 2008 peak, affordability has become the market’s central theme. The market remains divergent, with some buyers forced to accept the rally due to tight supply, while others, particularly in China, are showing clear signs of demand destruction.