Continued supply worries push seaborne low-grade manganese ore prices higher

Low-grade and high-grade seaborne manganese ore prices diverged in the latest assessments on Friday April 17 with the former continuing to move up amid lingering concerns over supply tightness while the latter corrected downward amid relatively abundant supply.

Fastmarkets' manganese ore index 37% Mn, cif Tianjin rose by 1.8% or 9 cents per dry metric tonne unit (dmtu) to $5.14 per dmtu on Friday from $5.05 per dmtu on April 14. The index has risen for five consecutive assessment from $3.95 per dmtu on March 13.
Fastmarkets' manganese ore 37% Mn, fob Port Elizabeth rose 2% or 9 cents per dmtu to $4.62 per dmtu on April 17 from $4.53 per dmtu previously. The index has also risen for the fifth assessment in a row from $3.30 per dmtu in mid-March. 
The low-grade seaborne manganese ore indices continued to rise amid lingering concerns over upcoming tightening supply during May and June in China, despite the South African government loosening restrictions on miners against the spread of the Covid-19 virus.

Miners will be able to return...

Silver inventories rebound in UK, output from major producers rises

Silver's three-month outperformance continues

Silver & Copper Supply Distortions Continue

Gold stocks down in risk-on shift

Gold stocks rocket on metal rebound and equities jump