TAPPED IN – the ores and alloys blog: 'If China's cranes aren't working, there's no demand'

Ores and alloys market participants have just been treated to two days of the most depressing industry sentiment in recent memory at this week's Metal Bulletin African Ferro-alloys & Chromite Conference in Johannesburg.

Johan Kriek of United Manganese of Kalahari (UMK) delivered a stark wake-up call to those still in denial about the state of demand in the manganese industry, from the Mn panel.
“I was recently in China and at one point, at 1pm on a normal day, I was the only car on the road. I saw about 1,000 cranes and only one was operating.”
Later, another delegate described a similar experience and also referred to the infamous empty apartment blocks around China.
“If the cranes aren’t on and the lights aren’t on, there’s no demand,” the source told Tapped In on the conference sidelines.

Hilgard...

Published

Janie Davies

September 10, 2015

14:53 GMT

Johannesburg