DAVIES ON ORES: Manganese oversupply kept at bay but record SA ore exports may disrupt balance

April 12, 2019 / www.metalbulletin.com / Article Link

Low-grade manganese ore prices have held relatively steady since rebounding from this year's lows in January, when market participants toned down fears of oversupply in the alloy market.

Normally volatile low-grade manganese ore prices have held relatively steady since rebounding from this year's lows in January, after which market participants toned down fears of oversupply in the alloy market. Fastmarkets' 37% manganese ore index, fob Port Elizabeth stands at $5.53 per dry metric tonne unit (dmtu) as of April 5, having traded at a 2019 high of $5.57 per dmtu in late February. The index dipped as low as $4.99 per dmtu on January 8, the lowest price the index has recorded in 2019. The slump came amid widespread concerns that new alloy production in China would push ore and alloys market into oversupply, which would also undermine prices upstream. There is still no major surplus in global manganese ore and alloy markets, but some sources remain bearish, particularly since it was revealed...

Recent News

Bank of Japan boosts rates, continuing an unwinding carry trade

December 22, 2025 / www.canadianminingreport.com

Gold stocks outperform equity market slide

December 22, 2025 / www.canadianminingreport.com

Silver inventories rebound in UK, output from major producers rises

December 15, 2025 / www.canadianminingreport.com

Silver's three-month outperformance continues

December 15, 2025 / www.canadianminingreport.com

Silver & Copper Supply Distortions Continue

December 08, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok