MSTC-Karnataka conducted a manganese ore auction on behalf of Sandur Mines on 20 Jul’21, as per reports. About 16,632 t of different grades of ore was booked by 10 participants at a price 7.58% higher than the set base price at the auction. Sandur had increased the base price by 12% for Mn 30-32% grade material compared with the previous auction on 25 Jun. The reasons behind the price hike were:
- State-owned merchant miner, MOIL, had increased prices by 7.5% in Jul as against the previous month.
- Indian manganese alloys prices are still ruling on the higher side.
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