Platts reported that prices for manganese ore delivered to China rose 12 to 15 percent week-on-week on Friday. The sizable increase came on the back of strong Chinese demand and concerns about supply.
As quoted in the market news:
Platts assessed its weekly 44% manganese ore price at $2.90/dmtu CIF Tianjin on
Besides being a critical component in steel and iron production and batteries, on-going research has shown that manganese can be used as a critical component in new technologies. This means investors can sit pretty after taking a long-term investment call on this metal.