SLIDE 2 Important notices • This presentation should be read in conjunction with the “Financial results and outlook – half year ended 31 December 2018” announcement released on 14 February 2019, which is available on South32’s website (www.south32.net). 54 Russell Road, Wimbledon, London, SW19 1QL, United Kingdom, Canada, China, Germany, India,  Japan, New Zealand, Slovakia, South Africa, Spain, .cls-1{fill:#333}icon-twitter .cls-1{fill:#333}icon-linkedin. Manganese cost & market outlook, and Malaysia’s position within it Kevin Fowkes ... Malaysia is fairly low on the cost curve for both SiMn and HC FeMn –the curves for 2018 are somewhat distorted by high ore prices SiMn 0 500 1 000 1 500 2 000 The demand for manganese is overwhelmingly driven by steel output, accounting for well over 90% of global manganese consumption. Its flagship project is the Tshipi manganese mine in South Africa. LOS ANGELES, November 8, 2017 /PRNewswire/ --. The current level is $3.56 while the average over fiscal year 2019 was above $5. How will lithium-ion battery trends impact the demand for manganese in batteries? Soil and Applied Manganese A2526 E.E. It is generally believed that manganese steel has poor abrasion resistance unless it has been work-hardened. Tshipi é Ntle inhabits a favourable position on the global manganese cost curve with operating costs (including costs attributable to mining, crushing, transport, general marketing and logistics) of US$2.20 per dry metric tonne unit for FY2017, positioning Tshipi é Ntle as one of the lowest cost manganese producers globally. The final market for over 90% of all manganese ore produced is steelmaking. b. What is the impact of COVID-19 on the fundamentals of the manganese supply chain and market balance going forward? A 50% increase in lithium prices would for instance increase the battery pack price of a nickel-manganese-cobalt (NMC) 811 battery by less than 4%. info@jupitermines.com, Manganese Ore Index 37% Price (FOB Port Elizabeth/US$ per dmtu). global manganese cost curve. The new material, made from manganese hydride, is being earmarked for use in molecular sieves that work with the fuel cells in hydrogen fuelled systems that generate electricity. The amount of manganese in rocks and soils varies greatly. And that is just the cost, with no margin. This was highlighted by the strong increase in Chinese port stocks at the end of 2019 and into early 2020, propelling the market into oversupply despite demand remaining relatively robust. China’s push to prop-up steel demand domestically from new infrastructure projects under a RMB3.7Tr state stimulus is likely to see a flat year-on-year Chinese steel output, although exports will wane over 2020. McKinsey’s Center for Future Mobility estimates that at ~USD 100/kWh Battery costs have decreased from ~USD 1,000/kWh in 2010 to USD 230/kWh by 2017. Our market analysis delivers a global view on supply and demand dynamics, trade and prices across commodities such as ferromanganese, silicon metal, silicomanganese, manganese ore, ferrosilicon and manganese metal, with regularly updated five-year price forecasts. Lithium battery manufacturers are racing each other to beat the cost curve as seen below. SMM Evening Comments (Jan 5): Shanghai nonferrous metals rose across the board on Tuesday. Back; Base Metals Home; Aluminium; Bauxite JOHANNESBURG (miningweekly.com) – A new manganese-containing material may contribute to platinum-using hydrogen fuel cells being driven down the cost curve. manganese ore at 72% at 80% of global totals, respectively. In this study, polyaniline-intercalated MnO2 (PANI-MnO2) nanolayers were prepared by a delamination/reassembling process, in which the chemical oxidat… The Kalahari Manganese Field (KMF) is based in the Northern Cape Province. Manganese Ore Cost Service Analysis on cost curves for 90% of global ore supply - including 90% of Chinese production and all seaborne trade - for the years 2016-2020 Provides flexible cost curves for Site Costs and Business Costs, as well as asset-by-asset cost profiles Metallurgical Coal Cost Service Manganese oxides possess the following advantages: high voltage, low cost, nontoxicity, 58 different morphologies, 59 high density, and purity as well as good electrochemical properties, rendering them the most investigated electrode materials. Made cost curve of Chinese manganese ore in 2012-2014 based on data researching from the wide range of field visits; predicted cost curve of Chinese manganese ore in the next three years based on research results on key successful factors and future trends of the Chinese domestic ore. Yet, the company's strategy is to focus on lithium hydroxide. Some soils may have as much as 3,000 parts per million (ppm) Jupiter Mines Limited is an independent mining company based in Perth, Western Australia. Naturally occurring manganese consists of its one stable isotope, 55Mn. Industry cost curves on multiple metrics, including All-In Sustaining Cost, which enables users to better understand the true economics at play within this emerging industry. Postal Address: Demand will fall back somewhat in 2020 following the global impacts of COVID-19 but, most likely to a lesser extent than supply. Mining Weekly Online reported last month that a new manganese-containing material may contribute to platinum-using hydrogen fuel cells being driven down the cost curve. A steep cost curve means that if demand is higher than supply, prices might spike as the market price is set by the marginal producer. +61 8 9346 5500 What is the future scope and outlook for the manganese ore and alloy market? Manganese melts at 1246°C (1519 K, 2275°F) and boils at 2061°C (2334 K, 3742°F). Manganese traded at 31.25 since the beginning of 2021, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. The male magnes had magnetic properties and we now know it as magnetite or lodestone. CRU provides comprehensive market analysis and forecasts, price assessments and cost services across ferroalloys worldwide. The new material, made from manganese hydride, is being earmarked for use in molecular sieves that work with the fuel cells in hydrogen fuelled systems that generate electricity. Who are the key market players and what are their development plans? Manganese ferroalloys, consisting of various grades of ferromanganese and silicomanganese, are used to After making its first distribution to shareholders in February 2017 of ZAR1 billion, Tshipi made additional distributions of ZAR500 million and ZAR1.1 billion in September 2017 and February 2018 respectively. Detailed report with ten-year forecasts for demand, supply and prices, Access to Roskill specialists for key market queries, Quarterly updates to keep you up to speed on our latest view of the industry, Option to download tables and graphs from the report, A summary PowerPoint of key report findings. The price is not necessarily indicative of the sales prices received by Tshipi/Jupiter. Manganese sulphate demand from lithium-ion batteries is expected to double over the next decade as EV market penetration ramps up and will have significant impacts on the manganese metal supply chain. Then, prices suddenly spiked up to almost US$7/dmtu, as a result of the South African mining lockdowns over March and April 2020. Though steel will continue to dominate manganese demand, consumption of manganese in batteries is expected to grow rapidly over the next decade. SHFE nonferrous metals all closed higher on Tuesday January 5. Back; Base Metals. Steelmaking, including its ironmaking component, accounts for most domestic manganese demand, presently in the range of 85% to 90% of the total. Thus, we could see manganese prices close to $10 as it was the case in 2016 and 2018. Manganese has 21 isotopes whose half-lives are known, with mass numbers 46 to 66. investorrelations@jupitermines.com, Manganese Purchases: Although it is normally reported that a maximum hardness of about 550 BHN is obtainable, typical maximum hardness on worn castings is in the 400–450 BHN range. What are the complexities of changing competition dynamics and cost curves that define the industry? Fawcett and Taylor (1985) mentioned that financial institutions are more likely to As China already produces over half of the world’s steel output, the impacts of COVID-19 will to some extent be mitigated for steel raw materials. The in … Manganese steel has no equal in it ability to work-harden. The fact that the collapse in oil prices and weak producer currencies against the US dollar (notably the South African Rand) have lowered production costs is likely to be a drag on prices through the second half of 2020 if input costs do not recover. Manganese is never used in its own right (as a pure metal), but it’s an important raw material for many applications. If EVs are to be seriously competitive with Internal Combustion Engines (ICE), those costs need to drop by at least 25%, to around $145 per kWh. Similarly, a doubling of cobalt prices would result in a 3% increase in the overall pack price. It is commonly obtained through manganese ore in the form of manganese oxide (also known as pyrolusite), or through iron ores. Manganese (Mn) is essential to iron and steel production by virtue of its sulfur-fixing, deoxidizing, and alloying properties. While demand trends for manganese in steel continues to see higher intensity of use in China, following the implementation of stricter rebar standards, a surge in demand has not materialised as many steel mills were already compliant to the standards and smaller mills were given a tolerance period to adhere to the new regulations. Home; Latest News; Sector News. Supply response from high cost South African producers (lower grade, trucking versus rail) • Future cost of South African supply to be set by higher cost trucking and transition to underground mines Structural factors have lifted and steepened the manganese ore industry cost curve Notes: a. CY19 based on March 2019 YTD annualised. JOHANNESBURG (miningweekly.com) – A new manganese-containing material may contribute to platinum -using hydrogen fuel cells being driven down the cost curve. Manganese production is thus often subsumed under iron mining. In 2019, manganese ore prices experienced a gradual softening over the first three quarters of the year, followed by an accelerated decline in prices that bottomed out at around US$3.50/dmtu CIF China in November 2019. The price is not necessarily indicative of the sales prices received by Tshipi/Jupiter. Perth Office: A novel battery consisting of zinc anode and Mn deficient ZnMn2O4@C cathode has been developed by immersing ZnO‐MnO@C electrode in 2 m ZnSO4 + 0.2 m MnSO4. Manganese Ore. High grade ore. Manganese – symbol Mn – is the fourth most used metal in the world (after iron, aluminium and copper). Level 10, 16 St Georges Terrace, Perth WA 6000, Australia Level 10, 16 St Georges Terrace Perth WA 6000 Australia Demand will fall back somewhat in 2020 following the global impacts of COVID-19 but, most likely to a lesser extent than supply. Jupiter also has two iron ore development projects in the Yilgarn region of Western Australia. From a chemical standpoint manganese … Made cost curve of Chinese manganese ore in 2012-2014 based on data researching from the wide range of field visits; predicted cost curve of Chinese manganese ore in the next three years based on research results on key successful factors and future trends of the Chinese domestic ore. The country is the world’s fifth largest producer of gold and diamonds, the ... cost curve is likely to offer a competitive price to potential investors. Prices moved back above US$4.0/dmtu CIF China in early 2020, prompted by modest supply cutbacks and logistical restrictions during the Chinese lockdown enforcements to curb the spread of COVID-19. ... 10% manganese… Schulte and K.A. Manganese Ore Price Description Hot News. e.g., Tesla’s Gigafactory, and new battery design optimizing energy densities and cost per kilometer travelled. Kelling Manganese (Mn) deficiency and toxicity have been noted in Wisconsin on various soils. Manganese possesses chemical properties that make it an ideal input into the making of alloys. Figures in italics indicate that an adjustment has been made since the figures were previously reported. Publication Date: 03/11/2020 Price: Enquire for price. Although the ores mined are primarily exported, some are also smelted locally to produce manganese ferroalloys. How does China’s regulatory environment and state stimulus to prop up the steel industry impact manganese demand? Breakdown of brine extractions rates, brine concentration, mining volumes, ore grade, process plant throughput, recovery and production on a year‑by‑year basis. Today, some of the best in class batteries have costs less than USD 150/kWh. GPO Box Z5117 Perth WA 6000 Australia, Investor Relations: marketing@jupitermines.com, Level 10, 16 St Georges Terrace, Perth WA 6000, Australia, Overview of Central Yilgarn Iron Projects (CYIP), Week commencing 21/12/2020 - US$3.27 (Last week -. In ancient times, the term “magnes” referred to two black minerals mined in Magnesia, now in modern-day Greece, said minerals of which were believed to have two distinct genders. It appears that lithium is not the only metal to feel the pull of the Electric Vehicle market demand. The sensitivity of battery pack prices to commodity prices is much lower than commonly understood. As South African production has gradually returned to normal, prices have gradually softened again, though as logistics in South Africa remain constrained to a certain degree, they have not yet lost all of their gains. The key driver of downward pressure on prices was significant production growth, coming from countries such as Ghana and Gabon as well as South Africa. Historically, Manganese Ore reached an all time high of 58.79 in October of 2019. Please note: the price stated is an average price only, collated by Metal Bulletin. The company's operations sit at the low end of the global cost curve to produce lithium carbonate. Week commencing 21/12/2020 - US$3.27 (Last week - US$3.19) Engineering studies have designed robust low-cost engineered facilities to continuously produce 960 ktpa of high-grade manganese product, positioning Mn48 favourably on the global manganese cost curve. 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