Chinese seaborne manganese ore prices have almost given up all gains achieved since late March when South Africa implemented a nationwide lockdown
aimed at curbing the spread of the Covid-19 virus and raised widespread concerns over supply shortage at that time.
Fastmarkets’ manganese ore index 37% Mn, cif Tianjin
stood at $4.01 per dry metric tonne unit (dmtu) on July 10, down by 20 cents or 4.8% from $4.21 per dmtu a week earlier. The latest index is down 41% from the multi-month high of $6.79 per dmtu on April 24.
The manganese ore index 37% Mn, fob Port Elizabeth settled at $3.36 per dmtu, down by 23 cents or 6.4% from $3.59 per...