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With the Booming Electric Vehicle Industry, the Demand for Manganese in the Battery Industry Will Increase Significantly

  • PostDate：2022-06-29

Manganese , is a gray white, hard brittle, shiny transition metal, pure metal manganese is slightly softer than iron metal, containing a small amount of impurities manganese firm and brittle, wet place will oxidize.  Manganese exists widely in nature, the content of manganese is 0.25% in soil, and more in tea, wheat and hard-shelled fruit.  Manganese is very important for steel production because of its sulfur-fixation, deoxidation and alloying properties. 

Manganese is used in metallurgical industry to manufacture special steel, and ferromanganese alloy is used in steel production as a desulfurizer and deoxidizer.  Electrolytic manganese metal is widely used in iron and steel smelting, non-ferrous metallurgy, electronic technology, chemical industry, environmental protection, food hygiene, welding rod industry, aerospace industry and other fields. 

In terms of the downstream application market of manganese, steel occupies the main share, up to 84.10%;  Followed by battery field, accounting for 8.93%;  It is even less used in other fields, accounting for only 6.97%.

Current status analysis and prospect forecast of global manganese industry 

The global manganese industry is highly concentrated geographically, and China is the largest revenue market of the global manganese industry.  In 2015, China\'s manganese industry accounted for 59.54% of the global market with a total market value of $11,584 million. Since then, China\'s market share has increased year by year, reaching 60.73% with a total market value of  $15,601 million in 2020.  In 2020, India and Europe ranked second and third in the global market with a share of 11.58% and 11.25% respectively. 

In addition, the data show that China\'s market share in the industry is expected to continue to grow in the coming year.  It is estimated that by 2025, the total market value of China\'s manganese industry will reach  $20408 million, accounting for 61.87% of the global market.  India and Europe remain the second and third largest revenue markets in the global manganese industry, but their market shares are expected to decline from 2020 to 10.89% and 10.37%, respectively, by 2025. 

Data show that the global market value of manganese industry was $19,457 million in 2015. The market value increased year by year from 2015 to 2018, increasing to $28,954 million in 2018.  However, in 2019 and 2020, the total value declined for two consecutive years due to the impact of the pandemic, and in 2020 it dropped to $25,688 million.  On this basis, we carry out a series of functional calculations and use scientific models to derive the data for the next five years.  Finally, it is predicted that as the epidemic is brought under control in each country, the global manganese market will gradually recover and grow to $32984 million by 2025.  The CAGR for 2020-2025 is projected to be 5.13%.

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With the booming electric vehicle industry, the demand for manganese in the battery industry will increase significantly 

In 2019, global crude steel production increased for the second consecutive year, from 1.83 billion tons in 2018 to 1.88 billion tons in 2019, an increase of 5.3% and a record high.  In 2019, global production increased by 53 million tons from the previous year, and China\'s crude steel production increased by at least 61 million tons from 2018, up 6.4 percent from 947 million tons in 2018, breaking the 1 billion tons mark for the first time, accounting for 54 percent of global production.  In addition, a number of other steel producing countries also increased production, including Ukraine (up 4%), the United States (up 3%), the Middle East (up 4%) and India (up 4%), according to figures disclosed by World Steel.  Continued growth in global steel production will boost demand for manganese in the steel industry.

On the other hand, due to the growing threat of air pollution and the growing emphasis on environmental protection worldwide, electric vehicles are expected to become more prominent in the vehicle production mix in the coming years.  Electric vehicles will become cheaper, and consumers\' willingness to use them will increase as issues such as "concerns about electric vehicles running out of power prematurely" are resolved. Manganese can be used as a cathode material for lithium-ion batteries. With the continuous expansion of lithium-ion batteries in new energy vehicles and electronic products, the development of manganese industry has ushered in new opportunities.  Policy environment encouragement,performance improvement, customer affordability are all favorable factors, battery industry demand for manganese will greatly increase.
However, the discharge of pollutants has a serious impact on the environment and water quality. As countries pay more and more attention to environmental issues, some small mines have been closed due to environmental protection policies. In the long run, this is beneficial to the sustainable development of the manganese industry, but in the short run, the rise of raw material costs and the decline of production will inevitably have a certain negative impact on the development of the manganese industry. In addition, the rising cost of pollutant treatment will also have an impact on the company\'s capital flow.  In addition, more than 80 per cent of the world\'s manganese reserves are found in South Africa, Ukraine, Brazil and Australia. The high geographical concentration of manganese ore means many producers need to import raw materials.  Trade frictions and local policy changes could threaten the stability of raw material supplies.

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