Platts reported that Hongxin Group intends to increase its output of electrolytic manganese of 99.7% purity from 2012′s 80,000 mt produced in 2012 to 110,000 mt in 2013, to meet burgeoning demand.
As quoted in the market report:
The company sells to local steelmakers and exports to South Korea, Japan, Europe and India. The source said demand from overseas buyers had surged after the Chinese government removed a 20% export tax on electrolytic manganese from January 1, 2013.
