Current futures market investment varieties generally cover the major fields of the country's economic development, such as nonferrous metals, iron and steel, and energy.

Mining majors are ramping up their diversification policies to capitalise on or react to decarbonisation trends by targeting new growth markets, while seeking to divest from coal, oil and gas production, market research firm Fitch Solutions Country Risk and In...

Sibanye-Stillwater declares R3.9bn half-year dividend

Norwegian Elkem issued force majeure letters and stop/scale back production.

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 149.3 million tonnes (Mt) in July 2022, a 6.5% decrease compared to July 2021.

Its revenues during this period slipped by 15pc to $268.5mn in line with the lower sales, although its average selling price climbed to $39.21/wmt, up by 26.1pc from $31.10/wmt a year earlier.

Rival miners have cautioned over a weaker outlook and Rio Tinto Group last month reported a decline in first-half profits and halved its dividend.

Many steel enterprises saw profits drop by up to 90% in Q2 of this year, amid plunging steel prices.