2021: Manganese prices surge due to Australia's Gemco mine suspension, with high-grade exports halted until 2025.
2021 sees manganese, crucial in steel-making, outperform other commodities due to cyclone-induced suspensions at the world's 2nd largest mine, operated by Gemco in Australia. High-grade exports remain halted until 2025, leading to supply constraints, elevated prices, and increased lower-grade material sales by pure play manganese miners. Analyst Zach Parsons predicts these conditions will persist until Gemco resumes operations.
June 12, 2024
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