E25 element 25 limited

Ann: OMH: 31 March 2021 Quarterly Market Update, page-2

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    Price of 44% Mn ore closed at US$5.32/dmtu CIF China at the end of March 2021, a sharp increase from US$4.21/dmtu CIF China at the end of December 2020 due to stronger demand

    Presumably this has relevance, given the below from E25 quarterly
    An ore pricing mechanism which is calculated as a discount against the Fast Markets published 44% Mnbenchmark price (adjusted for FOB delivery terms).The parties have agreed the specification and pricing formula(e) for delivered ore between a manganesegrade of 28%-35%.
 
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