Investor Presentaiton
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Manganese Market Overview
Other applications of manganese include chemicals (fertilisers) and energy storage (batteries).
Clean energy applications and use in Electric Vehicles (EV) batteries are seen as significant drivers for
future manganese demand.
Battery makers are looking to find alternatives,
such as manganese, to reduce the content of
expensive materials in their cathodes, such as
cobalt and nickel.
LMO (lithium-manganese-oxide) are notable for
their high thermal stability.
NCM523 (nickel-cobalt-manganese) cathodes
are forecast to become the dominant cathode in
EV batteries.
BASF and Tesla aim to create "manganese-rich"
cathodes in the longer term to drive down the
overall cost of EV.
180,000
Li,
Mn
160,000
O
140,000
120,000
100,000
80,000
60,000
40,000
20,000
2017 2018 2019 2020
2021
2022
2023 2024 2025 2026 2027
LMO
NCM111
NCM523
NCM622
NCM811
NCM Unspec
■Low-Ni NMC/LMO Mid-Ni NMC/LMO High-Ni NMC/LMO
Manganese Consumption by cathode type in lithium-ion, 2017-2027
(mt Mn Contained)
Source: RoskillView entire presentation