Tag: India: Bids rise m-o-m in Sandur’s recent manganese ore auction despite poor participation

Buyers book only 15% of offered quantity Buyers mostly prefer lower grades (20-30%) Sandur Manganese & Iron Ore Ltd (SMIORE) had conducted an auction for around 33,075 tonnes (t) of manganese ore (Mn: 20-46%, -10-100mm) on 19 July 2024. According to sources, around 5,040 t (Mn: 20-30%) were booked at INR 2,510-9,070/t, while nearly 28,035…