On 30th June 2020 a team of CRU Analysts discussed the outlook for iron ore, thermal coal and manganese in South Africa, in the context of evolving lockdown regulations.
South Africa is one of the world’s largest exporters of manganese ore, accounting for staggering 42% of global exports in 2019. It is also a key player in iron ore and thermal coal markets, accounting for 4% and 7% of global exports, respectively.
The Covid-19 pandemic has influenced prices for these commodities in very different ways with iron ore prices remaining very high, thermal coal prices falling to the lows last seen in 2016 and manganese ore prices seeing an incredible range of volatility.
In CRU’s webinar we will explore the reasons behind such diverse price trends in these bulk commodities and will provide our view on how the situation will change in 2020 H2 as countries come out of lockdown, as well as what it means for South African exporters.
- Why has the Covid-19 pandemic led to a large drop in thermal coal prices and high volatility in manganese ore prices, but allowed iron ore prices to stay high?
- How has the South African lockdown affected the markets for these commodities?
- How will prices for these commodity prices change in 2020 H2 as countries come out of the lockdowns?
- Will South African producers be able to benefit from any improvement in the market conditions?
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