China Armco Metals Secures Supply of 749,000 Metric Tons of Brazilian Manganese Ore
Over 90% of magnesium ore demand is for the production of iron-manganese alloys used in the steel industry. It is also used in the production of non-ferrous alloys with aluminum, magnesium, copper, nickel and zinc. In the production of steel, the presence of the manganese is essential for sulfur control, and, in special steels, for the control of carbon and phosphorus. Manganese ore has been in high demand recently, as the Chinese steel industry has continued to rebound in 2010 with industry forecasts calling for continued growth.
Yes but be careful as cnbc's guest hosts are behind cnam run up as they hyped then 2 weeks ago and they will take $$$ soon and drive cnam down as many small specs came in giving them the volume and price they wanted.. I won't touch cnam because of who they are affiliated with- cdii, a corrupt corp that made this sunsidiary cnam a year ago on OTC then uplisted to scam many retail specs..