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UMK switches to rail as manganese stocks reach saturation in key markets - Truck and Freight Information Online

Summary by Truck and Freight Information Online
United Manganese of Kalahari (UMK) today announced that the company will be pausing all road freight transportation of manganese and switching exclusively to rail. The decision comes in response to challenging market conditions, said chief executive Malcolm Curror. “Presently, stockpiles in major markets like China are healthy, and this has led to a decline in demand,” said Curror. “While the price of manganese enjoyed a buoyant period in the mi…
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