Yes, extra freight cost has wiped out the increase in manganese ore prices. I note MGX shut down the Shine IO project recently as freight costs went to US$30/tonne. That was using Panamax bulk carriers.
"a sharp increase in shipping freight costs which have more than doubled to well above US$30/tonne"
It will be interesting to read E25 numbers later this week.
Yes, extra freight cost has wiped out the increase in manganese...
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 2779 | 21.5¢ |
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| Price($) | Vol. | No. |
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| 22.5¢ | 62609 | 2 |
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| E25 (ASX) Chart |