Manganese ore prices dropped as much as 6.5% on Friday January 11 because of weakening manganese alloy prices in China and escalating price risk fears.
Fastmarkets' 37% manganese ore index, fob Port Elizabeth, dropped 35 cents to $5.07 per dry metric tonne unit (dmtu).Fastmarkets' 37% manganese ore index, cif Tianjin, also fell 35 cents, to $5.76 per dmtu."Prices are under pressure and market participants are extremely risk averse,"...