"wonder if OMH are going to take another lot from Stage 2, given...

"wonder if OMH are going to take another lot from Stage 2, given they are making $1M a week in their smelters."

With Bootu Ck coming to a close by the end of the year then OMH will most likely require more manganese ore as they're planning to convert two more furnaces in Sarawak  to Mn alloys.
The  problem facing producers is that producing more manganese ore is just going to push down the price of the ore further.
This is fantastic news for alloy producers but not so good for the Mn ore producers.
Manganese ore producers are shooting themselves in the foot by producing more ore, when in fact they should be cutting back.
Imports have increased by 18% year on year, no wonder the price is so cheap.


This is borne out in a speech from Mr Zuodong on Friday.
(translated from Chinese)

Mr. Zha Zuodong, Senior Analyst of My Steel Network
　　At the theme conference on the morning of September 24, Mr. Zha Zuodong, a senior analyst of my steel network, gave a wonderful speech on the topic of "Manganese Market Outlook for the Fourth Quarter of 2021".
However, the impact of manganese ore on the price of silicomanganese has weakened. From January to July in 2021, manganese ore imports totaled 18.62 million tons, an increase of 18% year-on-year. The inventory of manganese ore ports still shows a high-level operation trend, while the overall silico-manganese inventory shows a high-level downward trend.
Next, Mr. Zha Zuodong analyzed the problems faced by the manganese silicon industry. First, in terms of cost, the cost of holding ore in the fourth quarter was high, and the overall decline in imported manganese ore was small. Electricity charges are high in the main producing areas in the south, electricity consumption in the north is unstable, coke prices have risen, and smelting costs have risen. Second, short-term supply gaps still exist, and supply bottoming out may rebound. Third, the demand from steel mills has changed greatly.
　　Finally, Mr. Zha Zuodong discussed the market trend of silicomanganese in the fourth quarter. Overall, the supply and demand mismatch bonus still exists in the fourth quarter, and the risk of demand fluctuations is worth noting. Specifically, in terms of manganese ore, the supply of mainstream mines to China is still strong, and the impact of controlled consumption and production is affected. In the fourth quarter, the domestic acceptance rate declined, and the inventory may still rise.



"$1M a week"
Most likely closer to $1 million profit a day at current prices.