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Manganese is a key element required in the production of cathodes for lithium-ion batteries, which are at the centre of the clean energy transition to meet global decarbonisation targets. The use of these batteries in EVs continues to grow exponentially forming a major market for supply and consumption.
Source: Benchmark Mineral Intelligence
Manganese is also an important chemical compound within the battery cathode and plays a critical role in NMC (Nickel, Manganese, Cobalt) batteries.
According to projections by Benchmark Mineral Intelligence in 2023, it is anticipated that batteries will represent approximately 90% of manganese consumption by 2030. The demand for manganese in batteries is predicted to rise significantly, surpassing the demand for key battery metals such as lithium, nickel, and cobalt (Benchmark Mineral Intelligence).
Recent developments led by auto manufacturers has further driven strong demand forecasts with the likes of Chinese battery giant Contemporary Amperex Technology Co., Limited (CATL) introducing manganese into their Lithium Iron Phosphate Batteries (LFP) and the growing emergence and demand for LMFP batteries.
Electric vehicle and battery cathode manufacturers have publicly proclaimed a desire to increase manganese content to improve battery and electric vehicle cost competitiveness while maintaining energy density. The growing electric vehicle market and battery cathode changes will lead to greater demand and growth for HPMSM.
In addition to the energy sector, demand for manganese remains steady other industries including the steelmaking sector, which continues to display robust, long-term demand fundamentals for manganese ores and concentrates.
EMD
Electrolytic Manganese Dioxide
EMM
Electrolytic Manganese Metal
HPMSM
Battery Grade Mn Sulphate & High Purity MnSO4 & HPMSM means the same
LMFP
Li Mn Fe PO4
NCM
Ni Co Mn
LMO
Li Mn O
LNMO
Li Ni Mn O
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