China Leverages Electrolytic Manganese Metal Stockpile Monopoly

Critical Strategic Metals reported that American Manganese (TSXV:AMY) is seeking to reduce the impact of China’s EMM monopoly.

As quoted in the market news:

The company is currently seeking funds to extract 99% pure manganese from a low grade abandoned mine in Arizona. Reports indicate that the mine has over 15 billion pounds of indicated reserves and over 3.5 billion pounds of inferred reserves. The company aims to begin production in 2014.

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