South African manganese miner UMK will stop road transportation of manganese ore due to significant pressure from rising logistical costs, a company spokesperson told Fastmarkets on Thursday March 18.
While the miner will honor existing contractual obligations, it will not pursue further road transportation options due to rising freight costs making certain export channels economically unfeasible in today's markets, the spokesperson said.South African miners tend to utilize road transportation, which is significantly more expensive than...