A.I.S. Resources Limited has announced it has commenced its manganese trading operations in Peru.
The contract for the trading operation, which was signed with the miner, stated the deposit be paid to buy 2,000 tons of manganese ore, with samples from the mined ore, averaging 45% MnO.
Terms of the purchase of the ore are 50% for 1,000 tons when trucking commences, and 50% when the assay is completed on each one ton super bag received in our storage area.
Manganese is a critical, and irreplaceable element used in steel production, and accounts for 80% to 85% of demand at the moment. The steel industry is poised for continued growth, providing a steady source of demand for manganese. The metal is used in stainless steel, in military helmets, and in Hadfield steel.
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