Thats what everybody said 12 months ago. If E25 keeps losing money then the bottom could still be a way off.
The low cost producers like S32 and Tshipi in SA will be the ones to rake in the profits with the uptick in the Mn ore price. Judging from the E25 report they'll still be struggling to turn a profit.
I won't be buying more unless it goes to 60c, too much of a risk. With higher Mn prices other manganese ore producers will just ramp up production.
Then down goes the Mn price.
E25 Price at posting:
87.0¢ Sentiment: Buy Disclosure: Held
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