Traders in China are playing a key role in continuing the rally in manganese ore prices, nearly two weeks after end-users met to agree a price ceiling, market sources told Metal Bulletin.
Manganese alloy smelters held a meeting earlier this month and agreed not to buy ore above $8.00 per dry metric tonne unit (dmtu), on a cif basis in China. The agreement has so far failed to cap prices, which shot up to $8.08 per dmtu just a...