A manganese ore price ceiling agreed by Chinese alloy smelters has collapsed a day after representatives agreed not to pay more than $8 per dry metric tonne unit for low-grade ore, Metal Bulletin understands.
Representatives from manganese alloy smelters met on Thursday March 1 and agreed a price ceiling for 37% manganese ore after prices for the raw material continued to soar, several market sources told Metal Bulletin. The meeting was held in Shanxi Province and attended by representatives of local smelters and those from at least one other province, sources said. After looking into ways...