silicomanganese market is facing a 101,000-tonne deficit this
year while high-carbon ferromanganese is expected to be in
surplus, according to Glencore Xstrata Plc.
silicomanganese and high-carbon ferromanganese will grow to
10.8 million tonnes and 4.46 million tonnes, respectively, this
year against supply of 10.7 million tonnes and 4.51 million
By 2017, high-carbon
ferromanganese will also be in deficit as demand reaches 5.02
million tonnes vs. 5.04 million tonnes of supply, the company
silicomanganese surplus will narrow to 26,000 tonnes by 2017,
it said, using figures from CRU Group.
Switzerland-based Glencore Xstrata bought the European
manganese operations of Brazilian miner Vale SA last November
and now operates three manganese furnaces.
The company expects to
boost silicomanganese production to 88,000 tonnes in 2015 from
nearly 16,000 tonnes in 2012, with ferromanganese production
expected to reach 143,000 tonnes compared with slightly more
than 17,000 tonnes in the same comparison.
publication Metal Bulletins price for
ferromanganese fell to 670 to 720 ($883 to $949)
per tonne on a delivered basis in Europe Sept. 6 from 700
to 730 per tonne previously. The price for
silicomanganese stalled at 760 to 810 ($1,011 to
$1,079) per tonne delivered to Europe, down 10 on the low
end of the range from Aug. 30.
A version of this
article was first published in AMM sister publication Metal