Hi sydneybhai
Based on the following article extract, referenced below, JMS coming into production next month, may not positively impact of the SP:
"The new start-ups are now adding to the long-standing position of the BHP Billiton-managed Samancor and the Patrice Motsepe-linked Assmang in the rich Kalahari manganese field.
The new tonnages that these start-ups produce are putting downward pressure on prices, which are already in the doldrums.
The world has seen steel output grow to 1.4-billion tons currently and in the next 15 to 20 years projections are from 2.5-billion tons a year to three-billion tons a year, which will boost demand for seaborne manganese ore.
Much of that seaborne ore will have to come from South Africa.
UMK CEO Johan Kriek says that prior to the new UMK mine, there has not been a start-up operation in South Africa’s Kalahari for 30 years.
The upshot of the increased supply and currently decreased demand is that there is going to be an oversupply in the market for the next four to five years.
With all these new mines working and logistics becoming less of a concern, Kriek foresees a protracted period of low prices for manganese continuing to 2016 and 2017."
http://www.miningweekly.com/article/manganese-gets-208-wagon-distributed-power-train-2012-09-10 (from asf)
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