OM Holdings (OMH) expects continued volatility in manganese ore prices amid active silico-manganese futures trading and predicts a constrained market for high-grade ore, the company said on Thursday April 19.
Describing manganese ore inventories in Chinese ports as "healthy" and "far from excessive," despite record import levels in 2017, the miner noted a significant drop in Chinese domestic production amid environmental constraints.It also pointed to higher demand for ferro-alloys per unit of steel produced, in the absence of lower quality production. "With the elimination of lower quality steel produced from induction furnaces, real demand for ferro-alloys per...