Southern Manganese (01091) rose more than 12%. As of press release, it rose 10.59% to HK$0.47, with a turnover of HK$14.1711,000.
The Zhitong Finance App learned that Southern Manganese (01091) rose by more than 12%. As of press release, it had risen 10.59% to HK$0.47, with a turnover of HK$14.1711,000.
Minmetals Futures pointed out that the South32 manganese ore incident in Australia continues to ferment, and domestic manganese ore prices continue to rise sharply, approaching the 2020 high. Over the past month, manganese ore has risen close to 60%, and market sentiment continues, while the continued sharp rise in manganese ore prices continues to drive up manganese-silicon costs and market prices. CITIC Securities believes that the suspension of operations of the main manganese ore under South32, the world's largest manganese ore producer, is expected to reduce the global supply of manganese ore by more than 10% in 2024.
According to reports, Nanfang Manganese is a large-scale enterprise group for the production and development of manganese products integrating mining, selection, and metallurgy. It is headquartered in Nanning, Guangxi. It is an important global supplier of manganese products, and is the main unit for drafting and approving quality standards for eight countries and industries of manganese products, including the electrolytic metal manganese. Main products include electrolytic manganese, electrolytic manganese dioxide, manganese sulfate, and nickel cobalt lithium manganate ternary materials. According to the 2023 interim results, the profit attributable to owners of the parent company in the first half of the year was HK$453 million, an increase of 1955% over the previous year. The increase in revenue was mainly due to an increase in the average selling price of electrolytic manganese products and electrolytic manganese dioxide; an increase in sales from boron-added ore; and an increase in sales revenue from the trading business.