The devil is in the details for Mn f.o.b. Prices

The breakeven point for manganese miners has become more important in recent weeks with the fall in prices. While many miners give their f.o.b. Price as the base, there is a lot of difference between f.o.b. Mine or f.o.b. Vessel, which in the case of South African production equates to around $1.50 per Mn unit for rail and loading. As a result, the f.o.b. Cash breakeven point for an open pit in South Africa should be around $3.20 per Mn unit.
Currently sea freight from South Africa to China is approximately 80¢ per Mn unit. As a result, the fully loaded breakeven point for the cheapest mines is around $4 per Mn unit.

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Kobus Keulder
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Hi

This is not entirely true. Production cost for 80% of semi carbonate product in SA is around ZAR500/t and rail and Fob cost around ZAR565/t. FOB breakeven is between $2.20-2.40/dmtu basis 36-37% Mn

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