Exports of manganese ore from South Africa are on track to almost quadruple from April to July, according to preliminary unofficial data seen by Fastmarkets, and the majority will head to China, where inventories are already rising and prices have fallen sharply.
South Africa will export almost 2 million tonnes of manganese ore in July from around 500,000 tonnes in April when South Africa was under strict lockdown, according to the early estimates.The 37% manganese ore market is heavily exposed to South Africa so prices have fluctuated widely recently...