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Manganese ore prices holding steady for Australian Mn ore at...

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  1. 12,347 Posts.
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    Manganese ore prices holding steady for Australian Mn ore at US$6.48dmtu. Yes, luckdog pity no financials during the OMH Quarterly's you'll have to wait for the Final financials in FEB.
    At these Mn prices OMH is making more than $100/tonne profit. x 200,000 tonnes/ qtr = $20 million.

    GLOBAL MANGANESE WRAP: Ore and alloy prices under pressure amid steel output cuts
    Manganese ore prices diverge lower with South African ore prices, while Australian ore prices were comparatively firmer on its stable demand in China, higher quality ores and smaller supply.
    Low grade manganese ore prices drop 9 cents per dry metric tonne unit (dmtu) High grade ore holds firm  Manganese alloys weaken in China, India and Europe  Ferro-manganese prices edge higher in USA  Low grade manganese ore prices dropped on Friday October 27 while environmental controls on steel production knocked raw materials demand in China, souring sentiment. Metal Bulletin’s 37% manganese ore index, fob Port Elizabeth dipped 9 cents to $4.94 per dmtu. Metal Bulletin’s 44% manganese ore index, cif Tianjin rose 1 cent to $6.48 per dmtu. Offers from South African manganese miners were scarce in China, where market sources reported poor demand for South African origin material while buyers favored material from **on and Australia. “Australian and **on ores are much more popular in the Chinese market today due to their higher quality and stable market
 
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