China's manganese ore prices recently rose to a 4-year high. Major overseas mines have raised their offering prices of manganese ore for July shipments to China, lifting the import cost of Chinese manganese ore traders and encouraging them to lift their offering prices for domestic sales.
Additionally, on May 29, 2024, the State Council of China announced the "2024-2025 Energy Conservation and Carbon Reduction Action Plan." Key aspects of this initiative include the reasonable control of the semi-coke industry's scale and a strict prohibition on electricity price discounts for high-energy-consuming industries. These measures are expected to positively impact the ferrosilicon raw material sector.
China's manganese ore prices recently rose to a 4-year high....
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