Forget Copper and Gold as Steel-Making Raw Material Outperforms
- Manganese beats other more closely watched commodities
- Producers may fast track mine development on high prices
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Manganese, an essential steel-making ingredient, has outstripped copper, gold and many other commodities this year after a cyclone halted exports from the world’s second-largest mine in March.
Prices of 44% grade manganese ore have almost doubled since the start of the year, beating gains of 15% in copper, 12% in gold and almost 30% in tin.