Soaring freight rates and tightening availability for prompt material pushed European manganese flake prices to a three-year high in the week ended Friday January 8, with more increases expected this week, market sources have told Fastmarkets.
Fastmarkets' price assessment for manganese, 99.7% electrolytic manganese flake, in-whs Rotterdam, jumped by 6.8% to $2,450-2,550 per tonne on Friday from the earlier mid-week assessment at $2,230-2,450 per tonne, and $2,120-2,280 per tonne on January 1."There is not much material left in Europe...