Ferromanganese Falls to 11-Month Low on Weak Demand

Reuters reported that prices of ferromanganese are decreasing and a rally is not expected.

As quoted in the market news:

Ferromanganese MNG-FERRO-LON fell to $1,150-$1,200 per tonne in the European spot market, down from $1,170-1,220 per tonne at the beginning of this month. The ferroalloy has lost over 15 percent of its value since the beginning of this year.

Click here to read the full Reuters report.