Ecometals Limited (TSXV:EC,BER:GDQ,FSE:GDQ) announced an update to its agreement regarding the sale of Serra do Navio to Asia Minerals.
Articles Tagged "Ecometals"
Reuters reported that Ecometals (PINK:ECMLF) is selling its stake in the Serra de Navio manganese project for $17 million.
While demand for steel is rising, overproduction and surpluses have put downward pressure on the price of steel, and consequently, manganese. However, strong data shows little signs of weak demand for the metals. Is the downward trend a slowing of emerging economies or simply a price correction? Also, manganese company news, and an interesting development in manganese mining from Korea.