In January 2022, the average spot prices for manganese ore delivered to China ranged from $4.55 to $5.44 per metric ton unit, depending on the grade of the ore.
Detailed Manganese Ore Prices (January 2022)
The price of manganese can vary significantly based on its grade, form (ore, alloy, or pure metal), market conditions, and delivery location. As of January 2022, average spot prices for manganese ore specifically for deliveries to China were recorded as follows:
| Manganese Ore Grade | Average Spot Price (January 2022) | Unit | Comparison to December 2021 |
|---|---|---|---|
| 36%–38% Grade | $4.55 | per metric ton unit | Slightly less |
| 44% Grade | $5.44 | per metric ton unit | 4% less |
These prices reflect spot market rates for manganese ore and indicate a slight decrease compared to the preceding month, December 2021. For instance, the 44% grade ore saw a 4% reduction in price.
Understanding Manganese Pricing
Manganese is a critical raw material primarily used in steel production. Its price is influenced by several factors:
- Grade and Purity: Higher purity or specific grades of manganese command higher prices. The "metric ton unit" (MTU) refers to a price per percent of manganese contained within a metric ton of ore. For example, a 36% grade ore at $4.55/MTU means a metric ton of that ore would cost 36 * $4.55.
- Market Demand: The global demand for steel significantly impacts manganese prices, as approximately 90% of manganese production is consumed by the steel industry.
- Supply Dynamics: Production levels from major mining countries (e.g., South Africa, Australia, Gabon) and geopolitical stability can affect supply.
- Logistics and Transportation: Shipping costs and delivery routes, particularly to major consuming markets like China, play a role in the final price.
- Currency Fluctuations: As an internationally traded commodity, manganese prices can be affected by changes in exchange rates, especially involving the U.S. dollar.
For current and historical data on various mineral commodities, including manganese, resources like the U.S. Geological Survey (USGS) often provide valuable insights and statistics.
