April 2018

Heavy rain halts production at KMR manganese mine in South Africa

Kudumane Manganese Resources (KMR) has halted production at its manganese ore mine in South Africa’s Northern Cape due to heavy rains and could be forced to declare force majeure, a source told Metal Bulletin.

GLOBAL MANGANESE WRAP: Ore prices drop again on weaker downstream sentiment in China

Manganese ore markets recorded further losses on Friday April 20 amid deteriorating sentiment around Chinese alloy and steel demand, while European alloy prices maintained current levels on sufficient stocks.

MB NON-FERROUS PRICE CHANGES 20/04: Noble alloys, bulk alloys & ores

The following Metal Bulletin noble alloys, bulk alloys and ores prices changed on Friday April 20:

More uncertainty ahead for manganese alloy prices, OMH says

High manganese ore prices and price dislocation between ore and alloy will cause further alloy market uncertainty, benefitting integrated producers, mining group OM Holdings (OMH) said in its annual report.

Manganese ore price volatility will continue – OMH

OM Holdings (OMH) expects continued volatility in manganese ore prices amid active silico-manganese futures trading and predicts a constrained market for high-grade ore, the company said on Thursday April 19.

South32 increases manganese ore production by 6%

South32 has increased its full year 2018 manganese ore production guidance by 6% amid strong demand and record operating performance at its Australia unit.

EUROPEAN MORNING BRIEF 18/04: SHFE aluminium runs into profit-taking; China’s wire rod export prices slide; Jupiter Mines shares commence trading

Good morning from Metal Bulletin’s office in Shanghai as we bring you the latest news and pricing stories on Wednesday April 18.

Tshipi full-year manganese ore sales hit 3.34 million tonnes

Tshipi sold 3.34 million tonnes of manganese ore in the twelve months to February 28, 2018, the manganese miner has announced.

Jupiter Mines shares commence trading after $186-mln IPO

Shares in Jupiter Mines Ltd commenced trading on the Australian Securities Exchange on Wednesday April 18 following the completion of its A$240-million ($186-million) initial public offering (IPO).

GLOBAL MANGANESE WRAP: Ore prices drop with demand

The manganese ore market experienced lower prices across all reported grades while buyers looked to cut their order size to manage their costs, according to industry sources.