Logistics disruptions in South Africa have not been enough to arrest the recent decline in the manganese ore price amid continued risk aversion in China, market sources are warning.
A series of force majeure declarations in South Africa late last week following an accident that damaged a railway bridge are expected to delay deliveries of up to 200,000 tonnes of manganese ore from South Africa over the next few weeks.Market sources initially predicted that these declarations would limit the recent price weakness, which has been caused by price risk fears...