Manganese has never really piqued the interest of investors like gold, lithium or even nickel despite being one of the most used metals in the world.
That perception might soon change.
Manganese has traditionally being linked to steelmaking with about 90 per cent of all manganese going into that sector.
The market for the metal has also been disrupted by the COVID-19 pandemic with Bryah Resources (ASX:BYH) managing director Neil Marston telling Stockhead that there are currently large stock piles in Chinese ports right now that have dragged on pricing to about $US4 per dry metric tonne unit (dmtu).
“However, as these stockpiles reduce back to normal levels, we would expect to see manganese ores trading above $US5/dmtu again in 2021,” he added.