MOIL touches 52-week high on price hike of manganese ore

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State-run manganese producer MOIL Ltd on Thursday said it has increased prices of different grades of manganese (Mn) ore by up to 30 per cent effective from December 1.

The prices were “increased” with effect from Thursday “by 30 per cent on the existing prices” prevailing since November 1, of “all ferro grades of ore”, the company said in a filing to BSE.

It, further said that the prices were increased by 25 per cent on all grades of SMGR (Mn 30 per cent) and SMGR Low (Mn 25 per cent) on the prevailing prices since beginning of November.

The miner also hiked prices of all grades of Fines by 25 per cent effective from December 1 while prices of chemical grades ore were raised by 10 per cent.

“The existing price of Electrolytic Manganese Dioxide has remained unchanged,” it added.

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