As per the recent study, the global silico- manganese market size in 2022 is registered at USD 17,196 million and is predicted to reach USD 23,996 million with a significant CAGR of 5.71% during the forecast period 2023-2030.

China silicomanganese exports in December 2022 by country/region.

China silicomanganese exports in Jan-Dec 2022 by country/region.

Four Concerns in Manganese Mining

Similarly, silico-manganese prices remained stable at €1,240-1,320/t ddp on sluggish appetite for fresh spot bookings.

A total of 37,779 tonnes of FeSi and 52,172 tonnes of manganese alloys were sold during the quarter ended 30 June 2022.

The FeSi ¨C Manganese Alloys Conversion Project was motivated by a need to align product mix with global market demand.

European high-carbon ferro-manganese prices were assessed down at €1,250-1,425/t ddp on 5 July, while silico-manganese sat at a marginal discount of €1,250-1,400/t ddp.