Mumbai, April 6 (Argus) - India's state-owned mining company, Indian Moil, has significantly raised its manganese ore prices for April due to domestic supply shortages and import restrictions caused by geopolitical tensions.
Moil has increased the price of manganese ore with a manganese content of 44% or above by 15% for April. Meanwhile, the price increase for manganese ore with a content lower than 44% was even greater, reaching 17.5% compared to March.
Compared to the price level in March, the prices of 25% silicon grade and 30% silicon grade manganese ore and fines rose by 17.5% in April.
During the fiscal year from April 2025 to March 2026, Moil produced approximately 1.9 million tons of manganese ore, an increase of 5.6% year-on-year. During the same period, sales remained relatively stable at 1.58 million tons.
Despite supply constraints, the company's production in March was approximately 164,000 tons, with sales at around 202,000 tons.
On April 2, the domestic factory price of 60# silicon manganese, as assessed by Argus, was stable at 82,000-83,000 rupees per ton (881.50-892.25 US dollars per ton).
