With the rise in manganese prices, Jupiter Mines Limited's sales are strong

Jupiter Mines Limited reported strong performance in the last quarter of fiscal year 2024, with Tshipi manganese ore sales soaring to 1.06 million tons, a 35% increase from the previous quarter. Although the production has slightly decreased compared to the same period last year. The company took advantage of favorable market conditions, including a 56% increase in spot manganese ore prices due to competitors closing mines. However, the increase in profitability has led to an increase in production costs, mainly due to the upgrade of patent usage fees.