Electric vehicles: a manganese money tree?
Producers of the metal are pinning their hopes on the EV market, but some unknowns lie ahead
30 May 2024 - 05:00
Manganese was the mineral for which Anglo American CEO Duncan Wanblad had no plan in terms of his proposed group restructure aimed at rebuffing a takeover proposal from BHP. “It is a great business but, given the work we have been doing, that is on the to-do list,” Wanblad told a Goldman Sachs analyst on May 14.
Handily, Anglo’s 60% joint venture partner in the manganese assets does have a plan. Asked if South32 would be interested in buying out Anglo’s stake, South32 CEO Graham Kerr told Reuters: “At the right price, absolutely. We know them better than anyone else.”..
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