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
Mining Weekly reported that Australia’s Consolidated Minerals is closing its Woodie Woodie manganese mine due to weak prices for the metal. Manganese ore prices are currently at a record low.
The International Manganese Institute (IMnI) just put out its research report for the first quarter of 2015, giving a good overview of production, demand and supply trends for steel and manganese markets
Shanghai Metals Market reported that prices for Australian and South African manganese ore have sunk again.
Metal Bulletin reported that manganese ore prices are holding today as large miners not keen on cutting prices and Chinese buyers not willing to pay those prices continue their standoff.
By Vivien Diniz
Junior exploration and production company Cancana Resources (TSXV:CNY) started commercial mining at its Valdirâo manganese mine in Brazil.
Platts reported that, despite a rise in manganese ore prices, the price for Japanese silicomanganese has stayed fairly flat to date this year. As quoted in the market report: A Japanese trader this week bought 200 mt of silicomanganese, with 65% manganese and 16% silicon, from an Indian producer at
The price of manganese has been falling since October. As the price moves towards 2009 lows, the profitability of many high cost manganese producers is coming into question. If the miners reduce their output, prices may stabilize.
Daily News & Analysis reported that MOIL (NSE:MOIL) believes manganese prices won’t go any lower. The market news is quoted as saying: Manganese ore prices have been falling since January due to global glut situation, lacklustre US and European markets and weak consumption growth in steel, the major primary consumer