Shanghai Metals Market reported that prices for Australian and South African manganese ore have sunk again.
Manganese Market News Directory
Shanghai Metals Market reported that in January, China imported 1.54 million metric tons (MT) of manganese ore. That's an 11-percent decline from the previous month.
Metal Bulletin reported that manganese ore prices are holding today as large miners not keen on cutting prices and Chinese buyers not willing to pay those prices continue their standoff.
MetalBulletin reported that spot prices for silico-manganese and ferro-manganese in China have been on a downward trend for the last week as many smelters have slashed their prices in response to lower offers from steel mills.
Platts reported that, despite a rise in manganese ore prices, the price for Japanese silicomanganese has stayed fairly flat to date this year. As quoted in the market report: A Japanese trader this week bought 200 mt of silicomanganese, with 65% manganese and 16% silicon, from an Indian producer at $1,120/mt CIF Japan for May [...]
Mining Weekly reported that Gulf Mines announced that Indonesian manganese group Asia Minerals Corporation will ship their first manganese in May.
Platts reported that manganese ore prices rose, propped up by a tighter supply because of South African port congestion.
Platts reported that China's electrolytic manganese metal trade moved up in the first quarter of 2013, supported by the removal of a 20 percent export tax as of January 1.
Bloomberg reported that Angola is pursuing manganese investments in order to reduce their dependence on exports of oil and diamonds.
Platts reported that manganese ore shipments from Australian Port Hedland to Asian ports rose in March. As quoted in the market report: