Manganese price April 2024 and outlook (see chart below)
- Global:US$2.77/KG, -0.7% down
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Manganese price index
This post is a summary of the Manganese price developments. The price developments of Manganese are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Manganese price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for Manganese prices, on the second tab, is generated from different inputs including:
- Very recent price developments of immediate cost drivers of Manganese prices
- Recent price developments of underlying feedstocks which drive the price of Manganese
- Market futures for both cost drives and feedstocks of Manganese prices
- Adjustment of current supply/demand imbalances in the Manganese market
- Longer term trends in likely demand conditions
Further information on the Manganese price index
What is Manganese
Manganese is a chemical element with the symbol Mn and atomic number 25. It is a silvery-gray metal that is highly reactive and is found naturally in the earth’s crust. Manganese is an essential trace element in the human body and is necessary for the proper functioning of many enzymes.
Manganese is widely used in the production of steel, aluminum, and other alloys, as well as in the production of batteries and ceramics. It is also used in the production of pigments, fertilizers, and other chemicals.
Manganese can be extracted from ore through a variety of methods, including pyrometallurgical, hydrometallurgical, and electrometallurgical processes. The specific method used will depend on the type of ore and the desired end product.
Manganese is an important metal that has a variety of industrial and commercial applications. It is essential for human health and is also used in many industrial processes. However, exposure to high levels of manganese can be harmful, and it is important to follow proper safety protocols when handling this element.
How is Manganese produced
Manganese is a chemical element that is found naturally in the earth’s crust. It can be extracted from ore through a variety of methods, including pyrometallurgical, hydrometallurgical, and electrometallurgical processes. The specific method used will depend on the type of ore and the desired end product.
In the pyrometallurgical process, manganese ore is heated to a high temperature in the presence of oxygen, which oxidizes the manganese and removes impurities. The resulting manganese oxide is then reduced to metallic manganese through the addition of a reducing agent, such as aluminum.
In the hydrometallurgical process, manganese ore is dissolved in an aqueous solution, and the manganese is separated from impurities through a series of chemical reactions. The resulting solution is then filtered and the manganese is recovered through precipitation or electrolysis.
In the electrometallurgical process, manganese ore is converted to a manganese oxide through roasting, and the manganese oxide is then reduced to metallic manganese through the application of an electric current.
Manganese is an important metal that has a variety of industrial and commercial applications. It is essential for human health and is also used in many industrial processes.
What is Manganese used for
Manganese is a chemical element with the symbol Mn and atomic number 25. It is a silvery-gray metal that is highly reactive and is found naturally in the earth’s crust. Manganese is an essential trace element in the human body and is necessary for the proper functioning of many enzymes.
Manganese has a variety of industrial and commercial uses. It is widely used in the production of steel, aluminum, and other alloys, as well as in the production of batteries and ceramics. Manganese is also used in the production of pigments, fertilizers, and other chemicals.
In the steel industry, manganese is used as an alloying element to improve the strength and hardness of steel. It is also used to remove impurities and improve the quality of the steel. In the aluminum industry, manganese is used as a catalyst and as an alloying element to improve the strength and corrosion resistance of aluminum.
Manganese is also used in the production of batteries, particularly lithium-ion batteries, as it helps to improve the battery’s performance and lifespan. It is also used in the production of ceramics, particularly in the production of glazes and enamels.
In addition to its industrial uses, manganese is also used as a nutrient supplement for animals and as a dietary supplement for humans. It is also used in the production of some pharmaceuticals and as a food additive.
How big is the Manganese market
It is difficult to accurately estimate the size of the global manganese market, as this information may vary depending on the region and the specific use of the metal. Manganese is a widely used metal that has a variety of industrial and commercial applications.
Manganese is widely used in the production of steel, aluminum, and other alloys, as well as in the production of batteries and ceramics. It is also used in the production of pigments, fertilizers, and other chemicals.
The demand for manganese is driven by a variety of factors, including the growing demand for steel, aluminum, and other alloys in construction, transportation, and other industries, as well as the increasing use of manganese in the production of batteries and other high-tech products. The market for manganese may also be affected by fluctuations in raw material prices, changes in demand for its various end-use applications, and regulatory developments.
It is important to note that the market for manganese may vary depending on the region and the specific use of the metal. In order to get a more accurate estimate of the size of the global manganese market, it would be necessary to consider these factors and other market dynamics.
According to https://oec.world/ :
Manganese ores, concentrates, iron ores >20% Manganes are the world’s 478th most traded product.
In 2020, the top exporters of Manganese ores, concentrates, iron ores >20% Manganes were South Africa ($2.59B), Gabon ($1.23B), Australia ($1.16B), Brazil ($355M), and Ghana ($224M).
In 2020, the top importers of Manganese ores, concentrates, iron ores >20% Manganes were China ($4.09B), India ($557M), Norway ($219M), Russia ($183M), and South Korea ($181M).
Further information
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