India: Silico manganese prices surge w-o-w on rising manganese ore costs
Domestic silico manganese prices rose by INR 3,500-4,000/t across key regions (Raigarh, Durgapur, Vizag and Raipur). Prices are currently hovering around INR 78,000-79,000/t ex-works. The uptrend is primarily driven by a significant increase in imported manganese ore prices, which have risen by $0.210.25/dmtu for Mn 37% and Mn 44% grades. Additionally, INR depreciation in recent weeks has further raised ore procurement costs.