South African port strike unlikely to have immediate impact on manganese, chrome prices, sources say

The South African Transport and Allied Workers' Union (SATAWU) will start a country-wide port strike at 17.30 local time on Wednesday May 29.

Although the union claimed the action will bring South Africa’s economy “to a standstill," manganese and chrome market sources said on Wednesday it is too early to assess the potential impact of the strike on the market, adding that the situation should be monitored over the coming days. A strike would have to last for at least a month to have a material impact on manganese ore deliveries or on prices, due to high inventories in China - the main destination for...

Published

Janie Davies

May 29, 2019

16:29 GMT

London