Manganese Mining Costs Amid Global Oil Price Spikes

Markit3.73K FollowersFollow5ShareSavePlay(6min)CommentsSummaryA scenario of 60% increase in fuel prices raises manganese mining cash costs by an average of $7.59 per dry metric ton, a 6.55% increase in the global manganese cost base.Manganese producers in South Africa and Gabon are the most vulnerable due to diesel-intensive operations and long inland transport distances to ports.Most producers still have positive margins, but further price hikes may risk unprofitability in major producers. Just_Super/iStock via Getty Images Global oil price increases in the wake of the recent Middle East war are significantly raising costs across the mining sector, with manganese producers among the most impacted. Manganese-related mining operations depend heavily on diesel for extraction, oreThis article was written byMarkit3.73K FollowersFollowIHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 key business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.