Soaring shipping costs have continued to push the manganese flake market up, with European prices jumping by more than 9% this past week to a nine-month high.
Fastmarkets' assessment for manganese 99.7% electrolytic manganese flake, in-whs Rotterdam was at $1,800-1,850 per tonne on Friday November 20, up by 3% from the mid-week assessment of $1,750-1,795 per tonne and by 9.3% from $1,620-1,720 per tonne on November 13 due to increased spot market activity."Freight rates are reaching record highs," a trader in Europe said. "With shipping costs this high, moving the material is now more...