The figure represents a fall of 7.7 percent in volume but an increase of 21.8 percent in value year on year, according to the association's statistics.

Aussie firm plans RM1bil plant in Sarawak

European high-carbon ferro-manganese prices were assessed down at €1,250-1,425/t ddp on 5 July, while silico-manganese sat at a marginal discount of €1,250-1,400/t ddp.

Prices across Europe's ferro-chrome suite extended their losses on 5 July, as offers for imported alloy put additional downside pressure on the depreciating market.

Ferro-silicon prices have lately consolidated at €2,450-2,600/t ddp, down by 38pc since early May.

European high-carbon ferro-manganese prices were assessed down at €1,250-1,425/t ddp on 5 July, while silico-manganese sat at a marginal discount of €1,250-1,400/t ddp.

¡°We don¡¯t expect this to drag on much longer than a couple of months,¡± he anticipated.

Australia¡¯s minerals exports are set to reach unseen heights for a second year, as a global crunch lifts the value of the nation¡¯s coal and natural gas.