May 2018

Manganese alloy prices help limit ore market weakness

The recent rebound in manganese ore prices was partly due to a consumer backlash losing momentum because a recent ore price decline had outpaced that of silico-manganese, market sources told Metal Bulletin.

South32 buys 50% stake in coal venture from manganese customer Baowu

South32 has agreed to buy a 50% stake in Australian metallurgical coal project Eagle Downs from Aquila Resources, a subsidiary of China Baowu Steel Group.

KMR to start manganese ore production from Hotazel mine

Kudumane Manganese Resources (KMR) will start production from its Hotazel mine in South Africa’s Northern Cape from September and the output will be 40% manganese ore with 5% iron content, Gautam Kumar, associate director of Asia Minerals Ltd (AML), confirmed to Metal Bulletin.

EUROPEAN MORNING BRIEF 29/05: Nickel leads SHFE base metals higher; Rusal offers Q3 MJP at $160/t; Uptrend in Chinese, European APT markets persists

Good morning from Metal Bulletin’s offices in Asia, bringing the latest news and pricing stories on Tuesday May 29.

GLOBAL MANGANESE WRAP: Low grade ore prices claw back losses on restocking, fresh positioning

Low grade manganese ore prices rebounded in China after recent low prices attracted fresh consumer appetite and trader interest.

BATTERY RAW MATERIALS MARKET REPORT 25/05: Lithium prices stable amid buyer-seller stand-off in China

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

NON-FERROUS WEEK IN BRIEF: Glencore executives allegedly detained; Rusal warns sanctions adverse; Grasberg stake sale ongoing

Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.

MB NON-FERROUS PRICE CHANGES 25/05: Noble alloys, bulk alloys & ores

The following Metal Bulletin noble alloys, bulk alloys and ores prices changed on Friday May 25:

Chinese manganese alloy smelters meet again to discuss ore prices

Representatives from Chinese manganese alloy smelters held another meeting on Thursday May 24 to discuss manganese ore prices, according to market sources.

Manganese ore market liquidity shows restocking, positioning appetite after price falls

A sharp increase in manganese ore market liquidity over the past two weeks reflects renewed consumer interest after price falls and fresh position-taking by traders, according to market participants.