Not surprising given supply issues. Plenty of run room left imo. Received the below from Justin re.Manganese pricing...he raises a fair point/factor.RE Manganese prices: This is a very interesting time. The South 32 incident at Groote Eylandt resulted in what appears to be serious damage to the loading docks and main ore haul road so that likely means that the mine will be out of commission for some time. I believe Macquarie is forecasting over $100M in repairs and 6 months of disruption. Groote Eylandt is a nominal 5Mt pe year producer of high grade manganese so this is not trivial. As the Chinese economy recovers, I think fundamentals look robust and higher prices should follow.
The Dawn of EV, page-1815
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