Still no floor, page-4

Its hard to rationalise whats driving it in the short term, other than fear.

From a company perspective I guess SA manganese could be driving some uncertainty, its one of our few long life assets. And there is uncertainty over thermal coal due to recent moves to block financing of new generation in developing countries, but i dont think anybody expects good news on coal.

Commodity prices like Aluminium are at a very low price, which we should expect to be bad news for the share price.
But there is positive news as well, costs for other producers are decreasing, so its reasonable to assume S32 costs are also, global demand is still growing for Aluminium. China is currently in surplus with the rest of the world in deficit, and now China Signals Curbs on Aluminum Output in Accord With Russia which should be good news for those looking for a recovery.
In a bear market they only see the bad news.