COMMODITIES AGENCY
The ledger

Market insights

News and analysis for people who produce, hold and sell this material. What a development means for Southern African chrome, copper, coal, manganese and iron ore, explained by the desk that places it.

Latest · Copper · 12 Oct 2026

Copper's Tight Market Opens a Window for Copperbelt Sellers

Copper finished last week near record levels, with Chinese import demand at a four-year high and prompt metal trading above forward metal. For Copperbelt producers…

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Chrome · 10 Oct 2026

Chrome Exports Slow and Zimbabwe Tightens: What Sellers Should Do

South Africa's chrome ore exports slipped in August with Chinese port stocks above 5 million tonnes, and Zimbabwe is tightening controls on every consignment.…

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Markets · 9 Oct 2026

Minerals Council Growth Strategy: What It Means for Producers

The Minerals Council South Africa has launched an investment and growth strategy built around faster permitting and a working mining cadastre. It is a welcome shift…

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Copper · 5 Sep 2026

Copper Cathode and Blister: What Buyers Actually Specify

Cathode, blister and anode price off the same exchange but are not the same purchase. What the specification, weighing basis and payment structure must say.

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Chrome · 4 Sep 2026

How to Sell Chrome Concentrate as a South African Producer

What a ferrochrome buyer needs before they will look at your material, why most producer offers are ignored, and how to get your position straight first.

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Selling · 3 Sep 2026

Why Your FCO Is Not Getting Responses

Full Corporate Offers get ignored for a small number of predictable reasons. What a buyer sees when yours lands, and what to change before the next one.

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Selling · 2 Sep 2026

NCNDA and Protecting Your Position as a Seller

Non circumvention agreements are routinely misused to lock producers into arrangements that give them nothing. What a fair one looks like and what to refuse.

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Coal · 1 Sep 2026

Selling Thermal Coal Without Richards Bay Entitlement

Terminal access, not tonnage, is what stops most South African coal sellers. The Maputo route, the cargo sizes that work and what a buyer will ask you to prove.

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Selling · 31 Aug 2026

Assay, Title and Port Access: What Kills a Producer's Deal

Deals between genuine producers and genuine buyers collapse for a small number of repeated reasons. All three are fixable before you approach anybody.

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Coal · 29 Aug 2026

RB1, RB2 and RB3: South African Thermal Coal Grades Explained

Calorific value, ash and sulphur separate the three South African export coal grades. Why RB3 exists and how the API4 index prices the difference.

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Iron Ore · 22 Aug 2026

Iron Ore Fines and Lumpy: Buying South African Hematite

Fines and lumpy are priced differently because of what happens inside the blast furnace. How South African hematite is specified on a 62% Fe basis and moved.

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Agricultural · 15 Aug 2026

Russian Grain into Africa and Asia: Ports and Contract Forms

Russia is the largest wheat exporter in the world and its freight advantage into Africa is structural. How the trade is specified, inspected and contracted.

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Trade Finance · 8 Aug 2026

Escrow, Letters of Credit and Why Drawdown Matters

A payment instrument that protects only one side will kill a deal at the last moment. How drawdownable escrow and confirmed letters of credit really differ.

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Chrome · 1 Aug 2026

How Chrome Concentrate Is Actually Priced

Grade is only the headline. A chrome cargo settles on the premium schedule, the review cycle, the moisture basis and where the assay is taken.

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Chrome · 28 Jun 2026

Chrome Concentrate Grades: 40-42% and 46-48% Cr₂O₃

What the Cr₂O₃ percentage on a chrome offer means for ferrochrome producers, and why South African and Zimbabwean concentrates occupy different niches.

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Chrome · 14 Jun 2026

Steelpoort and Rustenburg: Inside the Bushveld Chrome Belt

The Bushveld Igneous Complex holds roughly three quarters of the world's chromite. How its eastern and western limbs differ, and what that means for sourcing.

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Chrome · 30 May 2026

Zimbabwe's Great Dyke: Africa's High-Grade Chrome Frontier

A 550 kilometre seam holds the world's second largest chromite reserve and its highest grades. How Zimbabwean 46 to 48% concentrate reaches world markets.

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Coal · 16 May 2026

Richards Bay and the API4: How South African Coal Ships

RBCT is one of the largest coal export terminals on earth and the physical anchor of the API4 index. What buyers of Panamax cargoes need to know.

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Coal · 2 May 2026

Coal Logistics: Maputo against Richards Bay

Richards Bay runs on entitlement and Capesize economics. Maputo runs on road, rail and smaller vessels. Which terminal suits your cargo, and why.

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Manganese · 25 Apr 2026

Kalahari Manganese: From the Northern Cape to Port Elizabeth

South Africa hosts around 80% of the world's known manganese resources. How Kalahari ore is graded, railed and shipped, and why cargoes start at 30,000 tonnes.

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Emeralds · 8 Apr 2026

Buying Rough Zambian Emeralds: A Parcel Buyer's Guide

Zambia produces roughly a fifth of the world's emeralds, prized for their deep bluish green colour. How verified rough parcels are graded and transacted.

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Copper · 20 Mar 2026

Zambian Copper: Sourcing from the Copperbelt

Zambia is Africa's second largest copper producer, and the Copperbelt's cathodes move to world markets along corridors every buyer should understand.

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Logistics · 6 Mar 2026

FOB, FCA and CIF: Incoterms for African Commodity Trade

The three letter codes on an offer sheet decide who pays for what, where risk transfers and how disputes resolve. A practical guide for African cargoes.

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