Introduction
Back in April, I wrote an article in which I forecast that South Africa's nationwide lock-down due to COVID-19 would benefit Gabon-focused manganese ore miner Eramet (OTC:ERMAF; OTCPK:ERMAY) as it would significantly decrease manganese ore stockpiles and fears about a possible shortage would likely to lead to a meaningful increase in manganese ore prices.
Well, manganese ore prices reached high levels but failed to hold them as the supply gap was plugged by none other than Eramet and the market is once again in oversupply after South Africa reopened.