www.ferroalloynet.com: On the morning of March 15, Ms. Yang Yufang, Chinese Representative from IMnI, gave us a wonderful sharing of Analysis of Global Manganese Ore Supply Situation in 2024.
The report mentions that the challenges that the global manganese ore market will face in 2024 are: In terms of manganese ore supply, according to the current manganese ore prices and mining costs, the overall supply and demand of manganese ore is still at a level of slightly exceeding demand. For the manganese ore market to achieve a true balance between supply and demand, it must Supply and demand are moving in the same direction; in terms of alloy demand, if domestic crude steel production declines in 2024, the demand for alloys will also decrease, which will in turn be transmitted to the demand for manganese ore.
She believes that there are also opportunities for the manganese ore industry in 2024, or there may be more powerful macro policies to stimulate the market. In terms of new energy, according to Fastmarket predictions, the demand for manganese in new energy batteries will grow rapidly in the future. Net steel exports in overseas markets will increase by 47% year-on-year in 2023. If overseas market demand continues to remain high in 2024, increased exports may alleviate the contradiction between domestic supply and demand.