FORECAST: Citi predicts 30% drop in high-grade manganese ore prices by late 2018

Citibank expects a steep drop in high grade manganese ore prices by the end of next year, as it maintains its bearish view on the steel-making raw material in the medium to long term.

Citi is forecasting a drop of almost 30% in high-grade manganese ore prices by the end of 2018, and a demand compound annual growth rate of 2.5% for manganese ore for the period 2016-2020, compared with 1.7% for crude steel. “Citi forecasts the current prices of $6.4 per dry metric tonne unit moderating...

Published

Janie Davies

November 16, 2017

12:42 GMT

London