Fastmarkets manganese ore index 37% Mn, cif Tianjin was last calculated at $4.65 per dry metric tonne (dmtu) on Friday February 19, up nearly 14% over the past six months and about 4% year on year.
But a stronger rand means miners in the country, which produces the largest share of the world’s manganese ore, earn less in their local currency today from dollar-denominated sales than in either of the comparative periods.
The rand was trading at 14.63 rand to $1 at the time of writing, compared with 17.14 rand to $1 on August 24, 2020 and 15.07 rand to $1 on February 24, 2020, according...
