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Just plain Weird , Glencore had been steadily increasing their manganese portfolio the last few years. This represents the first time as far as i can remember of Glencore selling a ferroalloy asset. It appears to be a huge climb down from their normal strategy to control different alloys that they are involved in. As to the North American market – we assume no effect as there is really no spot market in North America for hcfemn . And by selling the manganese asset no vested interest by Glencore to control manganese and try to artificially manipulate it up –… Read more »
Just plain Weird , Glencore had been steadily increasing their manganese portfolio the last few years. This represents the first time as far as i can remember of Glencore selling a ferroalloy asset. It appears to be a huge climb down from their normal strategy to control different alloys that they are involved in. As to the North American market – we assume no effect as there is really no spot market in North America for hcfemn . And by selling the manganese asset no vested interest by Glencore to control manganese and try to artificially manipulate it up –… Read more »