As the electric vehicle (EV) market accelerates, the demand for manganese in battery production is projected to surge more than eight-fold within this decade. This dramatic increase is driven by the adoption of new battery chemistries, particularly nickel cobalt manganese (NMC) cathodes, which leverage manganese to enhance energy density and extend the driving range of EVs. The implications of this shift are profound, as manufacturers must adapt to the evolving landscape of battery technology while securing sustainable sources of manganese to meet the burgeoning demand. The urgency to address supply chain challenges and environmental concerns surrounding manganese extraction is paramount, as stakeholders navigate the complexities of scaling production to match the rapid growth of the EV sector.
The key takeaway from Benchmark’s Manganese Sulphate Market Outlook is the critical role manganese will play in the future of battery technology and electric mobility. As the industry pivots towards more efficient and sustainable battery solutions, the strategic sourcing and processing of manganese will become increasingly vital. Companies must not only invest in innovative extraction and processing techniques but also consider the environmental impact of their operations. The anticipated rise in manganese demand underscores the need for collaboration across the supply chain, ensuring that all players—from miners to manufacturers—are aligned in their efforts to meet the evolving needs of the battery market while adhering to sustainability standards.
