I just posted this on the OMH thread. Its obvious that Tshipi and OMH are making a killing on manganese at present and its about to improve due to Chine manganese mines being shut down. If the Chinese want manganese for their alloy furnaces they'll need to start importing more manganese ore. Whilst it might only be a short term shut down, it will help to keep Mn prices high for a while yet.
=manganese mines cease operation before National Congress =
There is an increasing atmosphere of an anticipation of a price hike on a short-term basis because not only is the supply of spot goods tight but also the suspension of operations of domestic manganese mines is expanding.
The operation to accept applications to use explosives is stopped in the main producing areas of domestic manganese ore such as Hunan, Guizhou and Chongqing City because the National Congress of the Communist Party of China will be held in Beijing from October 18, and the suspension of operations of mines is expanding.
Manganese price chart looking healthy, page-48
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Last
32.0¢ |
Change
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Mkt cap ! $627.0M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 33.0¢ | 30.5¢ | $2.404M | 7.564M |
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| No. | Vol. | Price($) |
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| 6 | 291830 | 31.5¢ |
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| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
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Change
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| Last updated 15.59pm 24/05/2024 ? | |||||
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