Global manganese ore supply may drop by 10% in 2024

Major manganese ore producer South32 has suspended raw material exports from its local assets after Australia was hit by Hurricane Megan, which may significantly reduce the supply of high-quality manganese ore to the world market.
South32 has suspended export operations until the first quarter of 2025 following hurricane damage to port and mining infrastructure at GEMCO's manganese assets. This measure will have a significant impact on the global high-quality manganese ore (42-44%Mn) market balance. Hainan Xia predicts that if the asset does not export raw materials this year, approximately 4.5 million tons of high-quality manganese ore (with a manganese content of approximately 2 million tons) may not reach the world market.
Australia is one of the major suppliers of manganese stone in the world market, but it is not the largest supplier. Exports account for 90% of the total mined volume. In 2023, 84% (5.25 million tons) will be supplied to China. In China's import structure, this amount was estimated at 17% last year, and the largest supplier was South Africa, accounting for 47%. Considering that there are currently 5.5 million tons of imported manganese ore in Chinese warehouses, a shortage of this amount may have a delaying effect.
Another major manganese products producer said: "The suspension of Australia's South32 manganese ore exports is very important; although China has so far reacted quite restrained to the news due to the large manganese ore stocks. It will take 1-2 months before the consequences will be more obvious. "
For more information on ferroalloy price trends and market conditions, please contact Hainan West Asia Group.

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