Manganese ore price will jump 310%

Tight supply is the reason

By Tom Stundza -- Purchasing, 2/20/2008 9:34:00 AM

With global supply tight, BHP Billiton has been able to boost manganese ore prices by 310% to Japanese buyers for fiscal 2008, starting April 1. Nippon Steel and Japanese leading ferroalloy maker, Nippon Denko, agreed to increase the manganese ore purchase price by 4.1 times. This is the first price increases in three years for ore and will push up the ferroalloy price, according to Merrill Lynch analysts.