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Print[Ferro-alloys.com]On May 30 the 10th China Ferro-Alloys International Conference, Mr.Chen, General Manager of OM materials, said that nowadays ferroalloy industries were in dilemma.
For one thing, ferroalloy enterprise on average loses 100 Yuan every tons of cargo because of stress from steel mills. For another, if enterprises are shut down, it will have to face staffing problem. In addition, it would lower contribution to local economy.
As a leader of large Chinese manganese enterprise, Mr. Chen put forward his own views for manganese ore market. Manganese ore prices have downed from 14USD/MTU in 2009 to 5 USD/MTU now. If prices fell below 5 USD/MTU, abroad half mines would cut production or stop production. But if the price is higher than 7 USD/MTU, it will stimulate the non-mainstream minerals to increase supply.
“Under the hardship condition, enterprise should correctly assess risk from expansion of new project so as to survive,” said Mr.Chen.
For example, If there is advantage from manganese ore resources, you should consider whether can supply ten years or more. If there are the relevant supporting policies from local government, such as electricity costs, then you should consider whether it will change in future. All of the potential variables will bring bigger risk for operation and capacity expansion of enterprises.
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