Manganese ore price falls trigger renegotiation attempts

Sharp drops in manganese ore prices have led to buyers walking away from verbal agreements and trying to renegotiate prices over the past month, market participants told Metal Bulletin.

Metal Bulletin’s manganese ore indices fell by up to 13.5% on Friday October 23, the latest in a series of steep drops that have reduced prices by as much as 45% since January.

“People are renegotiating – they’re saying they want a lower price than they just agreed and that it’s extreme circumstances,” a market source told Metal...


Janie Davies

October 29, 2015

12:46 GMT