NI
Nico van D.@nico_the_analyst·Bearish
interesting numbers on the manganese side of things, s32's realizing better prices than where spot was trading last quarter but volumes are still soft. fwiw the real question is whether they can hold margin when the rand strengthens, cos most of the upside pricing wise got priced in already imo. long term story is still there but near term might be choppy.