So the EV dreamers have lost sight of reality as Mn ore producers are making a fortune and all E25 management are capable of doing is post on X (twitter). Meanwhile the likes of Tshipi mine in SA and JMS continue to make even more profits. Profits in the order of US$650 million, meanwhile E25 management talk about EV and need capital raises.
In a not so surprising move Eramet/Comilog increased its 44.5% manganese ore price from **on for July to $8.30 per dmtu, up an amazing $1.40 from June. The 43% Mn chip price rose to $8.10 which is also up $1.40. Eramet’s second-quarter financial results are expected to reflect the rapidly rising ore prices.
E25 Price at posting:
26.5¢ Sentiment: Hold Disclosure: Held
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