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May 2, 2022
Manganese - A Battery Metal With The Potential To Accelerate The Electric Vehicle Transition
Sources
- Rystad Global Battery Demand To Surge
- Energysage – How Does Lithium Ion Batteries Work
- The Street – Cobalt Lithium Demand On The Rise Here Is Why
- Fastmarkets Lithium Prices Rose More Than 400
- Battery Metals Investing Lithium Outlook
- Manganese Moore Stephens Report
- Giyani Metals Manganese
- Cairn Energy Research Advisors and CPM Group 2021
Infographic as text
Manganese - A Battery Metal With The Potential To Accelerate The Electric Vehicle Transition
As the transition to sustainable and carbon-free energy continues unabated, driven by ambitious zero-emission goals, battery demand is predicted to grow exponentially. Forecasts show it reaching 8.8 TwH in 2030, an increase of over 15x times from 2021 levels.
Electric vehicles (EV) will account for 55% of the market by 2030, propelling forward the demand for Lithium-Ion (Li-ion) batteries – the leading type of EV battery. In turn, this powerful trend has led to massive demand growth for the main components of Li-ion batteries, namely cobalt, lithium – and Manganese.
Cobalt and lithium have garnered strong investor interest, with skyrocketing 119% and 400% in 2021, respectively, and even stronger performances by lithium mining juniors. Manganese, despite a 100% price surge, has however been overlooked by investors – at least for now.
Manganese is industrially, economically, and strategically vital to the future of the EV industry:
1) In two of the three most common types of Li-ion batteries, Nickel Manganese Cobalt (NMC) and Lithium Manganese Oxide (LMO), Manganese constitutes between 20% to 61% of the cathode’s composition.
2) China produces over 90% of the world’s high purity electrolytic Manganese metal (HPEMM) and high purity Manganese sulphate monohydrate (HPMSM) – the only ones that can be used in Li-ion battery production.
3) High purity Manganese demand is expected to surge by over 900% between 2020 and 2030, with the market facing severe and growing shortages.
Electric vehicles (EV) will account for 55% of the market by 2030, propelling forward the demand for Lithium-Ion (Li-ion) batteries – the leading type of EV battery. In turn, this powerful trend has led to massive demand growth for the main components of Li-ion batteries, namely nickel, cobalt, lithium – and Manganese.
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