The economic and geopolitical conditions that have affected the European steel market over the past two years show no signs of improvement and have further deepened their negative impact on the sector in 2024.

As downstream construction projects resume, the demand side may experience a wave of release.

The total inventory of manganese ore in Port of Tianjin February 13，2025 Invitation forThe 21st China Ferro-Alloys International Conference

South32 Manganese Ore Financial Results and Outlook Half Year 2025 Invitation forThe 21st China Ferro-Alloys International Conference

Black Canyon: Metallurgical Testwork Delivers 48% to 50% Manganese Concentrates Invitation forThe 21st China Ferro-Alloys International Conference

“Green power is taking a more prominent role in energy supply, overshadowing high energy-consuming facilities, so the development of green ferro-alloys will continue to be supported.”

Anglo American：Manganese Production Report for the fourth quarter 2024 Invitation forThe 21st China Ferro-Alloys International Conference

But for the future trend, the atmosphere of cautious observation is still quite strong.