E25 element 25 limited

The Dawn of EV, page-873

  1. 3,709 Posts.
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    On on 29 June E25 released OHM's quarterly report. This included the paragraph:
    "Price of 44% Mn Ore closed at US$5.15/dmtu CIF China at the end of June 2021, a slight decrease from US$5.32/dmtu CIF China at the end of March 2021".

    The price for 44% ore could be in the mid $6's now. The article below references 5.34% increase from 39.30 yuan which at 6.39 yuan to the USD is a price of $6.48.

    The article below also talks about a widening spread between 44% ore and 37% ore, with a spread increase to $1.32, however if you take of $1.32 from $6.48 you are still over $5 for the 37% pricing. I'm not sure how the 37% ore pricing aligns to what E25 is shipping, but it all indicates something above the Roskill assumed price of $4.37.

    The widening spread comments broadly align with the +5 to +8% increases over the last 60 days that are shown on the Asian Metals site for 37% ore.
    Portside manganese ore markets jump; low- and high-grade price gap widens | Metal Bulletin.com

    I'm expecting a good quarterly update.
    https://hotcopper.com.au/data/attachments/3716/3716894-1159ecb18781ba7324b1ca44b99f4508.jpg

 
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