South African manganese alloys producer Transalloys will reduce its silico-manganese production by about 30% this year due to weakening market prices, it was revealed on Wednesday August 19.
The reasons for this, according to an official from the sales agent that sells all of Transalloys' output, were the high cost of power in the country and the slump in end-user demand in sales target regions resulting from the Covid-19 pandemic."Transalloys, the last remaining silico-manganese producer in South Africa, on account of the effect of Covid-19 lockdowns, high electricity tariffs and adverse market...