State-owned, MSTC-Karnataka, conducted an e-auction of manganese ore on behalf of Sandur Mines (SMIORE) on 29th Apr ’21. In total 13 bidders participated in the auction, and the entire auctioned quantity of 23,499t was booked at 5.40% above the floor price. The base price for the auction was unchanged as compared to the previous month. Meanwhile, better demand and higher prices of Silicomanganese was the main reason for the good response.
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