Afrimats sales volumes increased in the second quarter of its 2025 financial year, but were unlikely to make up for the decline in the first quarter, the bulk commodities, building materials, and industrial minerals, the mid-tier miner said yesterday in a trading update.
The share price fell more than 2% to R65.11 yesterday afternoon after the release of the trading statement. The price is above the R59.60 it traded at a year ago, and nearly double the R33.89 it traded at three years ago.
During the first quarter to end May, the bulk commodity market was lacklustre. Also, volumes were impacted by the underperforming iron ore export corridor, and ArcelorMittal South Africas issues, specifically the force majeure at the Vanderbijlpark facilities due to the freeze of two furnaces.
In contrast, in the second quarter to end August, volume increases were evident as domestic customers with furnaces started up again, and tender activity increased in road, rail, and small infrastructure projects.
In Afrimats construction materials segment, volumes were maintained in the first quarter. By the second quarter, the integrated Lafarge quarries increased volumes.
