Moil Sets Record Manganese Production Amid Market Challenges

Moil

Indian state-owned enterprise Manganese Ore India Limited (Moil) has achieved unprecedented levels of manganese ore production. In October, Moil's output reached about 147,000 tons, a substantial 32% increase compared to the same month last year. This surge in production reflects a broader trend for the fiscal year April 2024 to March 2025, during which the company produced a total of 1.01 million tons, representing a 10% increase from the prior year.

Production and Market Dynamics

The increase in manganese ore production comes at a time when the global market faces significant volatility. Moil’s strategic ramp-up in production aligns with rising demand and tight supply dynamics. In October alone, the company sold 100,000 tons of ore, marking a 21% increase from the previous year. Over the first seven months of the fiscal year, Moil sold 850,000 tons, surpassing its sales records from the previous year due to constrained market supplies.

Pricing Adjustments

In response to market conditions, Moil adjusted its pricing strategy. The price for ferro-grade material with a manganese content of 44% and above was reduced by 7% from October levels. Additionally, prices for ore with less than 44% manganese content and for 25% and 30% silico-grade ore and fines saw a reduction of 1% from the previous month's prices.

This proactive approach in production and pricing reflects Moil's adaptation to the evolving market landscape, ensuring its position as a key player in the global manganese market.