I really like Jupiter as a company, but lately I've started to think that the manganese ore market is in a pretty bad spot. Moanda is boosting output at a time the market is in oversupply, stocks at Chinese ports are high and storage capacity is starting to run out, and no one besides the Chinese seems to be investing heavily into infrastructure. We have an oversupplied market with high stocks and uncertain demand. Forget about EV batteries, the amount of manganese there is insignificant compared to the demand coming from steel.
In light of this, I've decided to sell my shares in Jupiter in search of a commodity that has better fundamentals than manganese. After a lot of thought, I've chosen rhodium as the market is in a deficit, demand is rising fast and there is no new supply on the horizon. I'm going with Sylvania Platinum https://seekingalpha.com/article/4376983-sylvania-and-rhodiums-roaring-20s
Good luck everyone and live long and prosper
JMS Price at posting:
28.0¢ Sentiment: Sell Disclosure: Not Held
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