In recent weeks, imported manganese ore prices, particularly Gabonese ores, have surged, especially as substitutes for the affected Australian GEMCO ores. This increase, exemplified by a recent deal recorded by BigMint, 25,000t of Gabonese lumps (Mn 44%) have been booked by an Indian player at $5.1/dmtu, up against $4.95/dmtu against last week’s close. Supply constraints, cost pressures have fueled price hike.
