The price for manganese ore is starting to move UP, worth noting that an increase of US$0.10/dmtu is a 2c increase in the JMS share price valuation according to analysts.
"Jupiter Mines (JMS) to benefit from price uplift. This will flow through to JMS’s Tshipi, we estimating every US10c/dmtu increase in the 37% Mn price adding 2cps to JMS share valuation.
A US$50c/dmtu increase adds 10c to JMS
Eramet raises ore prices
With South32’s force majeure tightening the manganese ore market, Eramet’s Comilog increased its ore prices 50¢ to $4.90 per dmtu for 44.5% Mn **onese ore for May shipment and its price of 43% Mn grade to $4.70. Both prices are c.i.f. However, manganese alloy prices are stagnating which is putting increasing pressure on smelters.
Manganese ore prices starting to move UP
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Last
29.5¢ |
Change
-0.020(6.35%) |
Mkt cap ! $578.0M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 31.5¢ | 29.0¢ | $2.806M | 9.152M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 103135 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 31292 | 2 |
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| Last trade - 16.10pm 30/04/2024 (20 minute delay) ? |
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Last
29.8¢ |
Change
-0.020 ( 5.56 %) |
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| Open | High | Low | Volume | ||
| 30.5¢ | 31.5¢ | 29.3¢ | 3853883 | ||
| Last updated 15.59pm 30/04/2024 ? | |||||
| JMS (ASX) Chart |