Chemical silicon metal price had kept firm since National Day. Organic silicon market turned warm and this led to more need for chemical silicon metal. Low-water seasons would come and high electric cost would stimulated silicon metal price.
Shaw River Manganese should trade higher again today after signing a purchase contract with Noble Resources International for the sale of up to 30,000 tonnes of manganese ore from its flagship Otjozondu Manganese Project in Namibia.
[Ferro-Alloys.com]The LME prices continued to dip on Oct. 21st (Tuesday), creating new low for H2 2014, with high at $15,430/t and low at $15,080/t, closing at $15,330/t.
Brazil’s Vale said that a revised nickel mining contract with Indonesia will raise maximum royalties, cut land holdings and require its Indonesian unit to sell another 20% of its shares to local investors.