It gets complicated when their are many different Mn prices based on whether it's DSO, what grade and purity. Also various concentrates.
But it's easy to take a simplified approach. You need Mn to make steel. You need steel to build things. Growning/healthy economy build things. You need iron ore to make steel. If Fe is flat so will Mn.
Mn is linked to the greater economy as most commodities are, and linked closely to iron ore.
If your outlook on the economy (and iron) is positive then Mn is interesting leverage that Fe doesn't offer.
It's a simplistic view but you need to know who the end users are and the uses of the product.
KAB Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
