This week, the futures market continued to rise, injecting confidence into the sluggish ferrosilicon market.

Nickel premiums stayed flat around the world amid quiet trading in the week to Tuesday April 9.

China produced 34.65 million tonnes of ferro-alloys in 2023, up by 1.4% from 34.17 tonnes in 2022, according to data from the country’s National Bureau of Statistics.

Since the end of March, the futures market has continued to rise, boosting industry confidence to a certain extent and showing signs of recovery in the spot market...

Downstream demand and transactions were poor, and the ferrosilicon market operated under pressure.

Nickel prices are proving a headache for miners across the world: oversupply of the metal plus low electric vehicle (EV) demand has created a profit-stealing two-year price slide.

Manganese Marekt Snapshot on February 28

Manganese Marekt Snapshot on February 28