HK Stock Market Move | SOUTH MANGANESE(01091) rose by more than 7% driven by multiple factors, causing electrolytic manganese prices to continue to rise.

SOUTH MANGANESE (01091) rose by more than 7%, reaching a 7.53% increase as of the time of publication, reporting a price of 0.5 Hong Kong dollars, with a turnover of 5.118 million Hong Kong dollars. On the news front, as December begins, the price of electrolytic manganese has been rising steadily, with a cumulative increase of over 2300 yuan/ton, reaching a new high in over three years. Data shows that on December 18th, the average price of electrolytic manganese was 17,820 yuan/ton, an increase of 200 yuan/ton compared to the previous period. Since December, electrolytic manganese has risen for 13 consecutive days (excluding weekends, with price increases every day), with a cumulative increase of nearly 15%, reaching a new high since May 2022. Market analysis believes that the current rise in the price of electrolytic manganese is mainly driven by multiple factors such as supply constraints, cost support, and demand improvement. It is reported that SOUTH MANGANESE is a large enterprise group engaged in the production and research of manganese products through mining, selection, and smelting, headquartered in Nanning, Guangxi. It is an important supplier of manganese products globally and a key unit in drafting and approving national and industry quality standards for eight manganese products, including electrolytic metal manganese.