https://www.argusmedia.com/en/news/2133995-supplies-to-drive-mn-as-steel-demand-persists-south32
The manganese ore market outlook to mid-2021 is likely to be reliant on supplies as alloy demand from the steel industry remains buoyant, according to Australia-based diversified resources firm South32.The long-term price of manganese ore will be set by marginal South African supplies transitioning underground over time, South32 said along with its results for the July 2020-June 2021 fiscal year.
South Africa's supply disruption and recovery have driven prices this year, with prices surging when mines were closed with Covid-19 lockdowns and then reverting back to the marginal cost of trucked manganese ore when mines resumed production. South Africa accounts for around 40pc of global manganese ore output and is the world's largest exporter.
South32 produced a record 3.47mn t of manganese ore in 2019-20 and has issued an output guidance of 3.5mn t for 2020-21. Its South African output was 1.87mn t in 2019-20, which is forecast to rise to 2mn t in 2020-21.
https://www.argusmedia.com/en/news/2133995-supplies-to-drive-mn-a...
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