The price of manganese has been falling since October. As the price moves towards 2009 lows, the profitability of many high cost manganese producers is coming into question. If the miners reduce their output, prices may stabilize.
The price of manganese, an essential ingredient in steel production, has been declining, down some 40 percent year-over-year. Upwards of 12 million tonnes of new supply is coming from South Africa, weight down prices. However due to issues with Chinese manganese production, the country will have to increase imports.
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.
Merchant Research & Consulting, Ltd. released a report on the outlook for the manganese industry.
In an exclusive interview with Manganese Investing News Jonathan Lee, Battery Technology and Materials Analyst for Byron Capital Markets, discusses manganese battery technology and the capabilities of this emerging technology.
Larry Reaugh and Mike McLeod of American Manganese speak about the coming shortage of electrolytic manganese dioxide (EMD) and the future of battery technology for mobile electronics and electric vehicles.
Prices for March delivery of manganese in China have slipped due to fierce competition and excess inventory. The ramp up in manganese production in 2010 seems to have hit a ceiling in the short term. However, long term outlook shows increased demand for the metal going forward.
Reuters Africa reports that a $1.5 billion manganese project, which includes a mine and smelter, is underway in South Africa’s Cape Town. The article states: Shareholders have committed to fund 4.5 billion rand needed for the entire project, with another 6.5 billion sourced from commercial banks and development finance agencies, such as the IDC. To read [...]
A report by Global Industry Analysts, Inc., states that demand for manganese is expected to grow significantly over the next few years. The article is quoted as saying: Consumption of manganese in the end-use is projected to surge at a CAGR of more than 5.0% over the analysis period. To read the full story, click [...]
While demand for steel is expected to cool off slightly in 2011, Indian steel manufactures are aggressively seeking raw material acquisitions such as manganese mines in South Africa. India hopes to increase steel production by 67 percent by 2012.
Thursday, January 5, 2012