Chinese electrolytic manganese market has suspended the recent rally, which began last week, as higher prices have become unacceptable to consumers. Spot prices for manganese 99.7% in flakes now vary in the range of 19,3-19,6 thousand yuan ($ 2972-3018) per ton.
On Wednesday, June 15, non-ferrous metals finished the session on LME with a decrease after strengthening of the dollar and the publication of disappointing data on industrial production in the United States. U.S. industrial production rose in May by 0.1%, although twice bigger level was expected, and the index of Empire State – a measure [...]
According to the International Lead and Zinc Study Group (ILZSG), refined lead market was characterized by the surplus of 74 tons in the first 4 months of 2011 – after a sharp rise in production in Australia, China and Germany, which outpaced the growth of demand for the metal.
