India’s state-owned MOIL Limited has completed its first-ever manganese ore export, shipping 54,600 metric tons to a buyer in Indonesia, marking its entry into the global manganese market.
This milestone follows MOIL’s designation as a State Trading Enterprise (STE), making it the exclusive channel for all manganese ore exports from India under the national trade policy.
“This first export shipment is a major step toward enhancing India’s presence in the global manganese market and generating foreign exchange earnings,” company sources said.
India currently has a surplus of low-grade manganese ore (Mn 25%), beyond domestic demand, making exports a crucial strategy. MOIL will now also act as the authorized exporter for private miners, operating under a back-to-back supply mechanism with foreign buyers.
VietnamSteel by Hoa Sen Group
