MOIL cuts prices of manganese ore by 10-15%

1 September 2022

--[I] MOIL: Cut prices of grades of ferro by 15% today
--[I] MOIL: Cut prices fines and chemical grades by 10%

MOIL Ltd has cut prices of select ferro grades of manganese ore by 15% with immediate effect, the company said in a filing with stock exchanges today. This applies to ore with "manganese content of Mn-44% and above," the company said.

For other manganese ore grades the prices have been reduced by 10%. The prices of fines and chemical grades of manganese ore have also been revised downwards by 10%.

The company also said that the price of electrolytic manganese dioxide has been increased with effect from today to 1,65,000 rupees per tn from 1,55,000 rupees per tn.