SOUTH MANGANESE (01091) saw its stock price rise by 9.68% in the morning session, reaching HKD 0.51 with a turnover of HKD 7.92 million.

Since early December, electrolytic manganese prices have been on a steady climb, surging by over CNY 2,300 per ton and hitting a three-year high. Data shows that on December 18, the average price of electrolytic manganese reached CNY 17,820 per ton, up CNY 200 from the previous day. Prices have risen for 13 consecutive trading days (excluding weekends) this month, accumulating a nearly 15% increase and marking the highest level since May 2022.

Market analysts attribute the price rally to multiple factors, including supply constraints, cost support, and improving demand. SOUTH MANGANESE is a leading integrated mining, processing, and smelting enterprise specializing in manganese products. Headquartered in Nanning, Guangxi, it is a key global supplier of manganese products and a major contributor to drafting and reviewing national and industry quality standards for eight manganese products, including electrolytic manganese metal.