Manganese Up by Five Cents
Platts reported that manganese prices went up by five cents even though there has been little trade on the spot market.
Platts reported that manganese prices went up by five cents even though there has been little trade on the spot market.
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 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.
American Manganese Inc. (CVE:AMY) reports its initiation on a detailed exploration program of prospecting, mapping, soil and rock sampling and limited geophysics on its 9956 hectare (24,602 acre) property, New Hazelton, BC.
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.
American Manganese Inc. (CVE:AMY) reports that its Board of Directors has approved the adoption of a Shareholders' Rights Plan agreement.
SmartStox Online TV Talk Show reports an interview with President and CEO of American Manganese Inc., (CVE:AMY, PINK:AMYZF), Larry W. Reaugh on the recent announcement of a 45% increase in the zone of Artillery Peak deposit.
American Manganese (CVE:AMY) reports of a non-brokered private placement of $412,231.32 through the issuance of 2,290,174 units at a price of $0.18 per unit. This private placement has been fully subscribed. For complete news release, click here. For American Manganese’s company profile, click here.
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