India Diversifies Manganese Imports from Gabon and South Africa
The latest in this situation
How it started
What happened
India is diversifying its manganese ore imports, sourcing the commodity from Gabon and South Africa. Concurrently, mining awards are being granted in Odisha. The Indian steel industry is expanding its capacity to 300 million tonnes per annum by 2030, which requires increased manganese usage.
Why it matters
Manganese is an essential additive in steel-making, improving strength and toughness. India currently imports 60-65 percent of its manganese ore requirement from South Africa, Gabon, and Australia. Domestic mining in Odisha faces challenges, as some awards have been granted at premiums of about 140 percent, which may make the mines economically unsustainable.
Who's involved
- IndiaMajor consumer of manganese and steel, driving demand for raw materials.
- GabonSupplier of manganese ore to India.
- South AfricaMajor supplier of manganese ore to India.
- OdishaLocation where domestic mining awards are being granted.
- Government of OdishaResponsible for awarding mining licenses in Odisha.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- FerroglobeSpeculative
Ferroglobe could see increased revenue due to the rising demand for manganese alloys driven by India's steel expansion.
- IndiaSpeculative
India may secure the raw material supply necessary to meet its major steel expansion targets.
- South AfricaSpeculative
South Africa might see increased exports of manganese ore to India.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Odisha's manganese mining awards face economic viability challengesHigh premiums in Odisha's manganese mining awards challenge economic viabilityReported
- India diversifies manganese imports amid domestic mining challengesIndia diversifies manganese sourcing to meet steel expansion goalsReported
- Odisha Manganese Mines Face Viability Crisis Due to High PremiumsHigh Premiums Challenge Manganese Mining Viability in OdishaReported
How it developed
Newest first. Tap a step to see who reported it.- South Africa mines manganese ore.Sub-event
- Manganese exports from South Africa are being consolidated at the Port of Ngqura.Sub-event
India diversifies manganese imports from Gabon and South Africa, alongside domestic mining awards in Odisha.1 source
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The entities involved
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Gabon
country on the Atlantic coast of Central Africa
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manganese
chemical element, symbol Mn and atomic number 25
Nothing else this week.
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South Africa
country in southern Africa
Related events
- Gabon seeks local processing for manganese mined by Eramet, while maintaining close ties with France.
- South Africa holds massive reserves of manganese, chrome, and PGMs.
- Indian conglomerate establishes a bilateral partnership with South Africa to operate a zinc mine in the Northern Cape.
- National Treasury reports mineral royalties collected while mining companies trade on the JSE in South Africa.