Any broker who doesn't consider manganese is a total IDIOT. The...

  1. 3,611 Posts.
    lightbulb Created with Sketch.  34
    Any broker who doesn't consider manganese is a total IDIOT. The amount of money that manganese ore miners are making at current prices is staggering.  The reason why most brokers don't consider manganese ore profits is because very few understand manganese and cannot check prices on http://www.kitcometals.com/
    Whilst S32 is a huge manganese ore miner, its OMH which is a pure manganese play that will be the real performer financially.


    Metal Bulletin’s 44% manganese ore index, cif Tianjin rose 15 cents week on week to $8.78 per dmtu on Friday.
    GLOBAL MANGANESE WRAP: Low-grade ore breaks rally after consumer backlash escalates
    Manganese ore prices showed early signs of weakness in the latest pricing session after alloy smelters continued to protest the recent rally, launching aggressive bids.
    Low-grade ore prices dip amid aggressive smelter bids High-grade ore prices keep rising Spot silico-manganese prices weaken in China Alloy prices hold in Europe and India US refined manganese alloys bolstered by shipping issues Manganese ore markets showed signs of faltering on Friday March 16, after low grade fob-based prices inched lower amid a consumer backlash against rallying prices. Metal Bulletin’s 37% manganese ore index, fob Port Elizabeth fell 5 cents over the past week to $7.52 per dry metric tonne unit (dmtu) on Friday, the first decline since February 23. Metal Bulletin’s 37% manganese ore index, cif Tianjin stood at $8.21 per dmtu, up 1 cent from a week earlier. Metal Bulletin’s 44% manganese ore index, cif Tianjin rose 15 cents week on week to $8.78 per dmtu on Friday. Chinese manganese alloy smelters launched aggressive bids for material, saying they cannot absorb the continuous...
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.