November 2012

MB NON-FERROUS PRICE CHANGES

The following MB non-ferrous free market prices changed on Friday:

Silico-manganese prices slip following high volume, low price sales

Silico-manganese prices have fallen, as large quantities of material have recently been sold at lower levels following weeks of limited market activity.

BRAZIL EXPORTS OCTOBER 2012: Manganese ore exports increase on Chinese demand

Brazilian manganese ore exports increased more than tenfold year-on-year in October, due to strong Chinese demand.

Chinese manganese ore imports down 17% in October

Chinese manganese ore imports continued their downward trend this month due to a weak alloys market.

More South African shutdowns expected as Eskom negotiates

South African state energy group Eskom is still in talks to strike further power buyback deals with South African ferro-alloys producers.

MB NON-FERROUS PRICE CHANGES

The following MB non-ferrous free market prices changed on Friday:

Transalloys will cut SiMn production on poor market conditions - sources

South African silico-manganese producer Transalloys is stopping production due to poor market conditions, several well-placed market participants told Metal Bulletin.

MANGANESE ORE INDEX: Prices slide as ZAR weakens

Manganese ore prices fell slightly on Friday November 23 reflecting several lower offer prices, particularly for South African material as the rand weakened.

Ruukki's Mogale confirms FeCr, SiMn closures in Eskom buyback deal

South African ferro-alloys producer Mogale Alloys has secured a power buyback deal with state energy group Eskom, parent company Ruukki Group told Metal Bulletin.

Power costs may still force Privat ferro-alloys closures

Privat Group might still idle its Zaporozhye and Stakhanov ferro-alloys plants in Ukraine after failing to secure a lower electricity rate that was provisionally granted, Metal Bulletin understands.