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Recommendation Date : 25-Nov-2010 Last Update Date : NA
Ferro Manganese :
Demand for manganese is primarily driven by the steel industry which consumes 94% of the Manganese ore being produced world over in the form of Manganese alloys. Without manganese, steel would not be able to achieve the tensile strength, toughness, stiffness, wear resistance and hardness that make it such a useful engineering material. We believe that the disproportionate consumption by China and with India fast following its footsteps would ensure that the high growth in demand is maintained. Other factors like low per capita consumption, fast growing per capita income, rapid industrialization & urbanization of developing Asia that houses over half of the world’s population will further add to the demand pressure. 

Severe infrastructural bottlenecks in South Africa, the world’s largest producer of Ferro manganese, currency volatility specifically of Rand, high ore transportation costs and limited availability of quality chrome & manganese mines in Central, South and East Asia, the key consumer of the metal, would ensuer that only companies with access to basic raw material, would outperform.
Idea In Print :
DateCaptionView
31-May-10 Manganese
 
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