Sunday, February 05, 2012 11:23:45 AM
Dear Friend
I was happy to hear of Platt's new Manganese Ore daily price quote addition to the other metals covered by Platt.
May i suggest, if it is at all feasible, that a current price also be quoted for the EXTREMELY critical/strategic metal, EMM (electrolytic Mn metal), which, as your press release states, is "Mn metal in its purest form"?
If not a daily quote, then perhaps a weekly one (due to lower volume trading of EMM than basic Mn ore)?
As you well know, EMM is absolutely essential to the steel and aluminum industries, and EMM is at far greater supply risk than basic Mn ore, due to China controlling approx. 98% of world production of EMM and only about 45% of the world's basic Mn ore production. This 98% control of EMM supply by China is even greater than their supply dominance of around 95% of rare earth elements, 92% of antimony, and certainly a much greater supply "stranglehold" by China on EMM than with other critical metals like tungsten, strontium, barium, indium, molybdenum, etc.
For recent references, see the recent study on EMM ("Electrolytic Manganese Market Outlook," Dec. 2011) by the prestigious CPM Group (http://www.cpmgroup.com); and also see the section on Mn and especially electrolytic manganese (EMM and EMD) in the book Minerals, Critical Minerals and the U.S. Economy, by the National Research Council Of The National Academies of Science (Washington, DC: 2008), online at http://www.nap.edu/openbook.php?record_id=12034&page=R1
Thank you for considering this suggestion... from an investor in strategic metals.
Timothy XXXXXXX
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