Silicon-manganese market weak; HBIS August purchase volume up month on month
On August 5, the silicon-manganese market was weak, and mainstream steel tender inquiries have not yet been made.
On August 5, the silicon-manganese market was weak, and mainstream steel tender inquiries have not yet been made.
On August 4, according to Mysteel, a large Gansu-based producer shut down all furnaces, cutting daily ferrosilicon output by about 700 tonnes, triggering a sharp rebound in ferrosilicon futures.
Gabon's extractive sector output fell 2.9% q/q in Q1 2026, while the manganese production index rose 8.4% on higher Moanda output.
Xiangtan Electrochemical's subsidiary is collaborating with solid-state battery companies on lithium manganate R&D, currently at the validation stage.
OM Holdings Ltd has reached a long-term manganese concentrate supply agreement with a mine in Western Australia for its downstream operations.
Australia-based metals producer Element25's subsidiary has signed a manganese ore offtake agreement with OM Materials.
The silico-manganese market is weak, futures broke below 5,600 yuan/tonne, and the main contract closed at 5,602 yuan/tonne, down 1.58%.
Manganese ore spot prices continued to fall, pressured by weaker futures and short-selling funds, with bearish sentiment intensifying.
Australia's only manganese alloy smelter has entered liquidation, with creditors appointing a liquidator.
Creditors have voted to close the Liberty Bell Bay manganese smelter, halting production at Australia's only manganese plant.
Gabon is seeking third-party industrial operators to take on around 3 million mt of manganese ore processing.
The Gabonese government aims to increase total rail freight volume from approximately 9 million tonnes per year currently to 21 million tonnes per year by 2029.
Simultaneous supply chain disruptions in South Africa, Gabon, and Ghana—the three major manganese ore producers—have tightened global supply. South Africa's exports hit a record, yet structural problems persist; Gabon faces transport interruptions and policy risks; and Ghana's audit has prompted investment caution. The combined impact of these disruptions is heightening market uncertainty.
Tropical Cyclone Narelle has been downgraded to a tropical low, with sustained wind speeds of 55-75 km/h and gusts of 85 km/h, affecting northern Australia. The focus is now on warnings for heavy rainfall and gusty winds. Its eyewall did not directly strike the main community on Groote Eylandt, and the impact was lighter than expected.