Manganese Prices Firming Up
The price of manganese flake in China has been firming up due to curtailed production. Manganese Investing News spoke with Larry Reaugh, CEO of American Manganese Inc. about the factors at play in the manganese market.
The price of manganese flake in China has been firming up due to curtailed production. Manganese Investing News spoke with Larry Reaugh, CEO of American Manganese Inc. about the factors at play in the manganese market.
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.
Electrolytic manganese, a crucial component in the production of steel, is wholly under the control of China which produces 97.5 percent of the world’s electrolytic manganese. Listed as a vital strategic metal by the US Department of Defense, two operations in Arizona are looking to fill the need. American Manganese Inc and Wildcat Silver Corporation have released data on their US based operations.
The coming six months will bring much-needed cheer to the global manganese markets, and investors should get in now before prices escalate.
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