6/05/2007

[Manganese ore ] European markets manganese ore spot price increases

Manganese current spot market (48-50% Mn) trading at 3.3-3.6 U.S. dollars / ton, higher than the original 3 .1-3.3 U.S. dollars / ton degrees. Manganese large number of suppliers in the long single-Availability, however, Due to strong demand in China this year, the cash market has been heating up. As ore increased costs, After the United States and Asian markets manganese alloy prices move up, the European market prices have started to rise. a manganese ore producers, Because of the problem, Eramet Manganese port of departure affected, CVRD respective Azul mineral decline, the mine from the beginning of June to cut off about half a year; In addition, Ukrainian Privat intervention, Ghana Manganese output has been reduced; BHP yield no more than originally expected. subject to these factors. Manganese prices continue to bear the pressure of rising. European market standards-class high-carbon ferromanganese (78% Mn) price of 800 - 850 euros / ton, which is higher than the week before the 670-705 euros / t; silicomanganese prices also 800 -850 euros / t, higher than a week ago, 700 -730 euros / ton. Sources have said that silicomanganese some of the cash transaction price broke through the 900 euros / ton.

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