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.