FORECAST: Citi predicts 30% drop in highgrade manganese ore prices by late 2018

摘要

Citibank expects a steep drop in high grade manganese ore prices bythe end of next year, as it maintains its bearish view on the steelmakingraw material in the medium to long term.Citi is forecasting a drop of almost 30% in high-grade manganeseore prices by the end of 2018, and a demand compound annualgrowth rate of 2.5% for manganese ore for the period 2016-2020,compared with 1.7% for crude steel.