Port Elizabeth to close

As if the manganese ore market didn’t need any additional stimulus, Portnet plans to close the main export port for South African manganese ore, Port Elizabeth, for three weeks starting in January. That should gum up everything. Meanwhile, 44% Mn ore is being offered at $8.50 per mtu. Sellers say that manganese ore prices are not even remotely being reflected in the low manganese alloy prices. “Why smelt alloys when you can sell the ore?,” one fully integrated producer told me.

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not true
alloy prices moving up fast

we sold 300 mt of hcfemn at 1240 gt fob warehouse yesterday


I agree alloy prices have moved up but they are still lagging Mn ore prices. I am not a smelter but every smelter person told me they couldn’t buy ore at current prices and make the return on alloy prices.
It’s dangerous no matter how you look at it. There is an extraordinary amount of risk in the present market.
And yes I heard HC FeMn prices at or above $1200 per lt.
Where was the sale?