GLOBAL MANGANESE SNAPSHOT: Seaborne ore prices jump on rising freight, stronger rand

Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday February 26.

China Low-grade seaborne prices jumped after South African miners raised their offers due to rising freight costs and expectations of lower shipments in the coming weeks following logistical disruptions. High-grade prices also edged up amid improving downstream sentiment. The stronger rand also contributed to offer prices rising because miners in the country are earning less in their own currency when they sell in dollars. Manganese alloy smelters in...

Published

Janie Davies

Chris Kavanagh

Declan Conway

Siyi Liu

February 26, 2021

19:53 GMT

London