Newsletter summary
[Citic SecuritiesCrashbandicoot4test: overseas supply is facing a serious shortage of manganese prices or continue to operate strongly] according to the Securities Times e, CITIC Securities Research News said that the GEMCO mine of South32, the world's largest manganese ore producer in Australia, was disrupted by the hurricane. Citic Securities is expected to lead to 2.Crashbandicoot4test.Crashbandicoot4test..
Text of news flash
[Citic Securities: overseas supply is facing a serious shortage of manganese prices or continue to operate strongly] according to the Securities Times e, CITIC Securities Research News said that operations at South32's GEMCO mine in Australia, the world's largest manganese ore producer, were disrupted by the hurricane. Citic Securities expects to reduce manganese ore supply by about 10% in 2024, corresponding to a reduction of 350000 tons of domestic manganese ore imports per month.Crashbandicoot4testChina's manganese ore import dependence is more than 90%, and the current port manganese ore inventory is at a low level. Citic Securities expects the disturbance to stimulate a sharp rise in manganese ore prices, which is expected to hit the 2016 high point, and silicon manganese and electrolytic manganese product prices will also rise. It is suggested that attention should be paid to the domestic companies with manganese ore resources and manganese material production layout.