Low manganese ore stocks at Port Elizabeth ‘reduce’ pressure to sell

A fall in manganese ore stocks at Port Elizabeth terminal has taken some pressure off South African manganese ore producers to move tonnages, suppliers told Metal Bulletin.

Inventory at the terminal has fallen to about 220,000 tonnes, they said. Producers are under pressure to ship tonnages out when stocks are high, even if prices are unattractive, or risk losing their rail freight allocation if they cannot make space for new material coming in. Stocks...

Published

Janie Davies

September 20, 2013

08:34 GMT

Johannesburg