Manganese Market Update (March 29, 2012)
A brief overview of manganese price developments, supply and demand, and significant market movers
A brief overview of manganese price developments, supply and demand, and significant market movers
A brief overview of manganese price developments, supply and demand and significant market movers.
Reuters reported that prices of ferromanganese are decreasing and a rally is not expected.
The price of manganese is a good barometer for the health of an economy primarily because of its use in steel, a prime component of infrastructure projects. The price has moved lower, but remains stable. Also, improvements to South African railways are planned to meet new demand from new, massive manganese projects.
Merchant Research & Consulting, Ltd. released a report on the outlook for the manganese industry.
Steel Guru reported on recent market tendencies regarding ferroalloy imports to Japan.
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 [...]
A new proprietary process for the treatment of manganese ore being developed by American Manganese may decrease the competitive advantage held by Chinese steel manufactures over the steel producers in the US. The new economic and environmentally friendly process can produce high quality manganese from low grade ore.
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.
OM Holdings and Jupiter Mines have announced major manganese mining operations in South Africa. Also, American Manganese Inc. is advancing its manganese mine in Mohave County, Arizona.
Get our independent commentary on manganese trends and companies delivered to your inbox.