Investor Presentaiton
Manganese Market Overview
Manganese is a critical and irreplaceable element in steel production and is mainly used as an
alloying agent that increases both the strength and flexibility of steel
Approximately 90% of all manganese is used in the production of steel.
Chinese steel production during 2018 was 891
Annual Crude Steel Production 2008 - 2018
million tonnes, up by 2.3% YoY, driven by improving 2,000,000
20%
domestic demand
1,800,000
15%
1,600,000
.
⚫ China's steel output represents half of all global
1,400,000
10%
steel production (1,767 million tonnes)
1,200,000
.
Chinese manganese ore imports have increased by 1,000,000
60% since 2016, which is driving strong manganese
5%
800,000
0%
600,000
prices throughout 2018 and into 2019.
• Current manganese ore pricing:
37% Mn CIF China Feb 2019 price -
~US$6.00/dmtu (~US$222/t = A$310/t)
44% Mn CIF China Feb 2019 price -
~US$6.50/dmtu (~US$286/t = A$400/t)
Sources: IMnI/CRU/Metals Bulletin Research
400,000
-5%
200,000
0
-10%
2013
2014
2015
2016
2017
2018
Total Crude Steel
% change y-o-yView entire presentation