Ningxia Tianyuan Manganese Industry Group declares insolvency, reorganization citing ‘debt problems, market factors’

The world’s largest producer of electrolytic manganese metal, Ningxia Tianyuan Manganese Industry Group (TMI), which claims a global market share of 40%, has declared insolvency and filed for reorganization, according to a court document seen by Fastmarkets.

The document, detailing a decision of the Intermediate People's Court of Zhongwei City, Ningxia Hui Autonomous Region on September 26, confirmed that, while the company’s assets exceed its liabilities, it...


Solomon Cefai

September 29, 2023

16:46 GMT