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Manganese remains a critical battery material for the electric vehicle (EV) and energy storage system (ESS) markets. Although manganese demand is dominated by ferro-manganese production, manganese sulfate demand for the battery market is increasing rapidly. At the same time, the structure of the manganese market is changing as new, geographically diverse supply is brought to market and the increased focus on ESG is leading to strides in cleaning up the supply chain.
Market participants, particularly battery makers and automakers, benefit from a ten-year view. Giving you more flexibility and confidence to include manganese in the chemistry plans as supply diversity grows and ESG concerns lessen.
The Fastmarkets manganese long-term forecast leverages our heritage in providing price data and market intelligence in the manganese market. These insights are paired with expert economic modelling and data to provide market participants and investors with unmatched clarity on how the manganese market will evolve in the next ten years.
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Prices for seaborne high-grade manganese ore have plunged in October 2024, with producers announcing cuts to production and exports amid poor levels of purchasing in China But the most recent price drop was merely the latest dramatic move in a period of increased volatility, following the suspension of operations at South32’s Groote Eylandt Mining Co […]
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