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Metal Bulletin reported that manganese ore prices more than doubled in March due to production cuts implemented at the end of 2015, as well as “a wave of restocking in China.” As quoted in the market news: The sharp rise in manganese ore prices in March and the protracted devaluation of the South African rand …
Metal Bulletin reported that manganese ore prices more than doubled in March due to production cuts implemented at the end of 2015, as well as “a wave of restocking in China.”
As quoted in the market news:
The sharp rise in manganese ore prices in March and the protracted devaluation of the South African rand have taken rand prices for 37% grade ore to their highest level since the launch of Metal Bulletin’s indices.
Metal Bulletin’s index price for 37% manganese ore, fob Port Elizabeth stands at $3.63 per dmtu and the rand is at about 14.8 to the dollar. The index launched at $4.56 per dmtu on June 22, 2012, tracking 38% manganese content at the time. The rand was at 8.4 to the dollar on that day.
Click here to read the full Metal Bulletin report.
