November 2018

Assmang declares force majeure on manganese ore shipments from Saldanha

South African manganese miner Assmang has declared force majeure on manganese ore shipments from the port of Saldanha, Fastmarkets heard on Friday November 30.

South Africa's UMK declares force majeure on Saldanha manganese ore shipments

South African manganese ore miner United Manganese of Kalahari (UMK) has declared force majeure on manganese ore shipments from the port of Saldanha, Fastmarkets MB understands.

Manganese smelters avoiding seaborne ore ahead of year-end

Manganese miners have reported a sharp drop in demand from manganese alloy smelters in China due to their preference for buying ore from Chinese ports in a bid to keep costs and inventories low ahead of the end of the year.

BATTERY RAW MATERIALS MARKET REPORT 30/11: Cobalt price falls gain pace on year-end sales pressure

An overview of the battery raw materials markets and their price moves from the past week.

FASTMARKETS NON-FERROUS PRICE CHANGES 30/11: Noble alloys, bulk alloys & ores

The following Metal Bulletin noble alloys, bulk alloys and ores prices changed on Friday November 30:

Transnet declares force majeure on iron ore, manganese shipments from Saldanha

South African transport operator Transnet is issuing force majeure notices to iron ore and manganese ore customers after a railway bridge was damaged near the port of Saldanha.

EUROPEAN MORNING BRIEF 30/11: SHFE base metals prices broadly consolidate; Q1 MJP Al talks start at $91/t; Hydro hopes to return Alunorte ops to full capacity

Good morning from Fastmarkets MB’s offices in Asia as we bring you the latest news and pricing stories on Friday November 30.

China, India led October jump in world silico-manganese supply

World silico-manganese supply reached 1.62 million tonnes in October, up 16.1% year on year and 9.9% from September, driven by production increases in China and India, according to data from the International Manganese Institute (IMnI).

Ferroglobe to slash silicon metal capacity on weak pricing

Ferroglobe is set to idle almost one-fifth of its silicon metal production capacity in Europe and the United States, cutting it to an annualized rate of 341,000 tonnes from 417,000 tonnes, because of the weaker prices seen this year.

FOCUS: Weak Chinese steel market triggers plunge in ZCE silico-manganese futures prices

A plunge in silico-manganese futures prices on the Zhengzhou Commodity Exchange (ZCE) at the start of this week was driven by weakness in China’s steel market, market participants told Fastmarkets.