India: MOIL's ferro manganese auction receives subdued response
On 9 May, 2024, MOIL auctioned 1,380 t of high-carbon (HC) ferro manganese (Mn: 64-72%), 2,500 t of ferro manganese slag, 1,260 t of manganese ore (MnO2: 55-72%) and 300 t of manganese ore oxide(Mn 46.5%) from its Balaghat plant. HC ferro manganese remained unsold because of high base prices while, 2,500 t slag was sold at INR 10,100/t ($121/t).