Brazil: Manganese ore exports down by 45% m-o-m in Oct’20

Brazil’s Manganese ore exports took a hit due to the weak buying interest from China, which accounts for around 95% of the total manganese ore exports from Brazil. Meanwhile, many miners and traders reduced supplies owing to low prices in the market. Vale, a major miner has extended shutdown in its Azul mine until Dec’20 and reduced production from its Urucum mines.