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GEMCO’s manganese ore suspension: a volatile market driven by weak Chinese steel demand, panic buying
Prices for seaborne high-grade manganese ore have plunged in October 2024, with producers announcing cuts to production and exports amid poor levels of purchasing in China But the most recent price drop was merely the latest dramatic move in a period of increased volatility, following the suspension of operations at South32’s Groote Eylandt Mining Co […]
October 25, 2024
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By Tina Tong, Holly Chant
Insights
High-grade manganese ore prices to China dive amid falling alloy tender price and weak downstream demand
Seaborne prices for high-grade manganese ore delivered to China fell sharply in the week to Friday August 16, in the wake of growing resistance from buyers to high prices, Hebei Steel’s cut in August alloy tender price and reduced downstream demand
August 22, 2024
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By Tina Tong, Claire Patel-Campbell, the Fastmarkets team
Insights
China’s new rebar standards may deal another blow to domestic steelmakers
China’s revision of its national rebar standards, which is set to go into effect from September 2024, is expected to increase demand for vanadium nitrogen and silico-manganese amid a push for developing high-quality steel
July 30, 2024
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By Jessica Zong, Tina Tong, Jessica Long
Insights
Suspension at South32’s GEMCO manganese ore unit rewrites demand patterns in Asia
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
April 26, 2024
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By Holly Chant, Tina Tong, the Fastmarkets team
Insights
Chinese seaborne manganese ore prices climb further but buyer sentiment weakens
Seaborne manganese ore prices to China rose further in the week to Friday March 8, following fresh deals in the higher and lower-grade markets
March 12, 2024
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By the Fastmarkets team, Holly Chant, Tina Tong
Insights
China ferro-alloys sectors show muted response to 2024 economy targets
The ferro-alloys sector in China has shown a muted response to the country’s economic targets set for 2024 and laid out in the government work report released by Premier Minister Qiang Li on Tuesday March 5 in Beijing, industry sources have told Fastmarkets
March 11, 2024
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By Jessica Long, Tina Tong
Insights
Weak Chinese alloys markets, strong bulk ores markets expected post-Lunar New Year
The market for downstream ferro-alloys — including ferro-chrome, silicon-manganese, ferro-manganese, ferro-silicon and vanadium — should remain weak after the Lunar New Year due to oversupply, sources told Fastmarkets. But the market for alloy ores, such as chrome ore, manganese ore and tungsten concentrates, should remain with stronger fundamentals after the February 10-17 holiday, sources said. […]
January 25, 2024
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By Jessica Long, Tina Tong
Insights