GLOBAL MANGANESE SNAPSHOT: Seaborne ore prices surge as buyers vie for material

December 07, 2019 / www.metalbulletin.com / Article Link

Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday December 6.



China 

Seaborne 37% and 44% manganese ore prices rose after some suppliers offered only limited volumes of material for January delivery.  Many Chinese alloy smelters sought to build positions in seaborne cargoes out of fear of missing out on ore prices at their comparatively low levels currently.  Concern that some miners will cut production in 2020 encouraged traders and alloy plants to accept higher-than-expected ore prices for semi-carbonate material.  Inventories rose for the eighth consecutive week to a new high indicating ample material remains available.  Chinese domestic port-side manganese...

Recent News

Gold stocks mixed after previous week's huge gains

September 23, 2024 / www.canadianminingreport.com

Large TSXV gold multiple driven up by high Artemis weighting

September 23, 2024 / www.canadianminingreport.com

Monetary-driven precious metals outperform major base metals

September 09, 2024 / www.canadianminingreport.com

Gold stocks hit by plunging equities markets

September 09, 2024 / www.canadianminingreport.com

Gold stocks down as metal and equities momentum fades

September 02, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok