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The suspension of South32’s manganese ore operations at Groote Eylandt Mining Co (GEMCO) in Australia has been changing demand patterns among manganese ore buyers in Asia and this will benefit other manganese ore miners, market participants said on Wednesday April 24
This development has led to a tightening market supply and bullish sentiment among traders, despite the immediate aftermath not showing a price hike
There are more opportunities being created for the Chinese ferro-alloys industry on the back of China’s focus on sustainable development goals and the rising availability of competitively-priced green electricity, sources told Fastmarkets
Chromite, foundry, 46% Cr2O3 min, dried and bagged, fob South Africa, $/tonne
Chrome ore South Africa UG2/MG concentrates index, cif China, $/tonne
Chrome ore Turkish lumpy 40-42%, cfr main Chinese ports, $/tonne
Chromite, foundry, 45.8% Cr2O3 min, wet bulk, fob South Africa, $/tonne (inferred)
Chromite, chemical, 46% Cr2O3 min, wet bulk, fob South Africa, $/tonne
Chromite, foundry, 46% Cr2O3 min, wet bulk, fob South Africa, $/tonne
Chromite, refractory grade, 46% Cr2O3 min, wet bulk, fob South Africa, $/tonne (inferred)