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MOIL has raised manganese ore prices by 1-5% across various grades since January 1st, 2025. The Moil share price surged 5% to ₹347.05, reflecting investor optimism. Electrolytic manganese dioxide prices remain steady at ₹205,000 PMT. The stock gained over 10% in a year.
State-owned MOIL Ltd. has increased the prices of manganese ore across various grades, effective from 1st January 2025. The price hike has led to a 5% surge in the Moil share price, reflecting strong market confidence. The company has revised the prices of all ferro-grade manganese ore with a manganese content of Mn-44% and above by 1% over the prevailing rates. Meanwhile, ferro-grade ore with manganese content below Mn-44% has seen a 5% increase. Prices of silico manganese grades (Mn-30%, Mn-25%, and Mn-20%), fines, and chemical grades have also been raised by 5%. However, the price of electrolytic manganese dioxide (EMD) remains unchanged at ₹205,000 PMT.
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MOIL has raised manganese ore prices by 1-5%, effective 1st January 2025.
Moil share price surged 5%, trading at ₹347.05 on Wednesday.
Ferro-grade ore (Mn-44% and above) increased by 1%, while grades below Mn-44% saw a 5% hike.
Silico manganese grades, fines, and chemical grades rose by 5%.
Electrolytic manganese dioxide (EMD) price remains unchanged at ₹205,000 PMT.
The stock has gained over 10% in the last 12 months.
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Manganese Ore Grade | Price Change (%) |
Ferro Grade (Mn-44% and above) | +1% |
Ferro Grade (Mn below 44%) | +5% |
Silico Manganese (Mn-30%, Mn-25%, Mn-20%) | +5% |
Fines and Chemical Grades | +5% |
Electrolytic Manganese Dioxide (EMD) | No Change (₹205,000 PMT) |
Following the price revision, Moil share price climbed 5%, trading at ₹347.05 on Wednesday. The stock has shown a strong performance, gaining over 10% in the last 12 months. The price revision indicates a robust demand outlook for manganese ore, which is widely used in steel production and chemical industries. Investors are optimistic about MOIL’s future performance, considering the price stability of electrolytic manganese dioxide and increasing demand for manganese-based alloys.
MOIL’s strategic pricing revision aligns with industry trends, reinforcing its position as a leading manganese ore supplier. With steady demand and favourable pricing adjustments, the company is poised for sustained growth in the coming quarters.
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