World mine production of manganese (gross weight) has grown at a rate of over 7%py since 2000, reaching an estimated 53.9Mt in 2014.
Manganese ore consumption increased at a rate of nearly 5%py over the 2000 to 2014 period, reaching 17.4Mt in 2014. As a result, consumption slightly outstripped production. Asia was by far the biggest consuming region.
In the second half of 2010 and throughout 2011, ore prices eased. Prices dropped further in 2012 but rebounded to average around US$5.50dmtu in 2013. In 2014, prices again softened and averaged around $4.50/dmtu.
Roskill expects that consumption will continue to follow global growth trends. Both global GDP and crude steel production are expected to increase at a rate of over 3% over the 2014 to 2020 period. Manganese ores, ferroalloys, metal and chemicals are also expected to enjoy modest increases over this timeframe.