"Eramet plans to produce up 7.7-million mt of high-grade manganese ore in 2024, up to 6.6-million mt last year. For every dollar the manganese ore price goes up there will be a positive €255-million impact on adjusted EBITDA; the current spot price is $1.80 per dmtu higher than the first quarter of 2024."
When comparing to JMS, if the current spot price is higher at US$1.80/dmtu for JMS Mn ore which is slightly lower grade, this would result in an extra profit of US$233 million on 3.5 million tonnes.
"Eramet plans to produce up 7.7-million mt of high-grade...
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