E25 element 25 limited

Its still incredibly ugly Mn prices chart, but is manganese...

  1. 3,680 Posts.
    lightbulb Created with Sketch. 7598
    Its still incredibly ugly Mn prices chart, but is manganese starting to turn and be pulled up by steel demand?
    End of December 2023 was the first time in nearly a year that an interpreted Mn month end price was higher than the previous month end.

    The iron ore price is back up above 2016 to 2020 levels with only the 2021 spike remaining materially higher point. While prices can increase on supply decreases or demand increases, the iron ore increase appears more likely to be a demand increase.
    https://hotcopper.com.au/data/attachments/5865/5865639-da4db0aab1a21ebce02d516c14de3923.jpg
    https://hotcopper.com.au/data/attachments/5865/5865641-7c6f78ca5432d8aa4522bca609f4f164.jpg
    Last edited by WhatsTheTip: 06/01/24
 
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