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Mid-Nickel",103.5,99.73,3.78,13.78,6.78,[518,519,520,522,524,526,528,530,532,534,536,538],{"date":213,"value":512},{"date":216,"value":513},{"date":219,"value":521},99.19,{"date":222,"value":523},96.02,{"date":225,"value":525},98.23,{"date":467,"value":527},99.24,{"date":329,"value":529},101.29,{"date":339,"value":531},87.61,{"date":341,"value":533},92.44,{"date":344,"value":535},90.96,{"date":347,"value":537},92.24,{"date":350,"value":539},95.09,{"id":541,"uuid":542,"name":543,"slug":544,"full_slug":545,"content":546,"relatedArticles":702,"relatedVideos":703},112469235659894,"5e03fc41-9d16-49c3-ad6a-517bf71bfd81","China to hold position as top manganese sulphate producer this decade despite falling share","china-to-hold-position-as-top-manganese-sulphate-producer-this-decade-despite-falling-share","article/china-to-hold-position-as-top-manganese-sulphate-producer-this-decade-despite-falling-share",{"_uid":547,"date":548,"tags":549,"editor":553,"content":563,"excerpt":675,"featured":51,"reporter":676,"_editable":680,"component":681,"seo_title":543,"categories":682,"visibility":693,"author_company":49,"featured_image":694,"seo_description":675,"author_full_name":49,"author_job_title":49,"formattedDate":700,"formattedArticleDate":701},"57b00c8b-e354-41a5-a63d-4bc209eaa479","2024-07-29 00:00",[550],{"slug":551,"name":552},"china","China",[554],{"slug":555,"name":556,"content":557},"matthew-bird","Matthew Bird",{"job_title":558,"image":559,"bio":561,"linkedin":562},"Senior Editor - Supply Chains & Data Visualisation",{"filename":560},"https://a.storyblok.com/f/287943243085208/512x512/14738033ec/matthew-bird.jpeg","Matthew writes, edits and produces content for Benchmark Intelligence and Benchmark Source across the whole mine to grid supply chain. He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":564,"content":565},"doc",[566,573,588,601,612,619,630,641,646,659,664],{"type":567,"attrs":568,"content":569},"paragraph",{"textAlign":49},[570],{"text":571,"type":572},"China is set to maintain its high purity manganese sulphate (HPMSM) supply dominance by the end of the decade, but its share is set to decline by 2030 as more projects in other regions come online. ","text",{"type":567,"attrs":574,"content":575},{"textAlign":49},[576,578,586],{"text":577,"type":572},"While HPMSM production in China is set to nearly double to 308,000 tonnes by the end of the decade, its dominant share is forecast to come down to 72% in 2030 from 97% this year, according to the ",{"text":579,"type":572,"marks":580},"Benchmark Manganese Sulphate Market Outlook",[581],{"type":582,"attrs":583},"link",{"href":584,"uuid":49,"anchor":49,"target":49,"linktype":585},"https://www.benchmarkminerals.com/forecasts/manganese/reports/","url",{"text":587,"type":572},".",{"type":567,"attrs":589,"content":590},{"textAlign":49},[591,593,599],{"text":592,"type":572},"High purity manganese is a key element in nickel cobalt manganese (NCM) cathodes, which are widely used in EV batteries due to their high energy density. New cathode chemistries such as lithium manganese iron phosphate (LMFP) also require this chemical, which helps improve the range of ",{"text":594,"type":572,"marks":595},"batteries",[596],{"type":582,"attrs":597},{"href":598,"uuid":49,"anchor":49,"target":49,"linktype":585},"https://source.benchmarkminerals.com/article/benchmark-launches-manganese-sulphate-market-outlook",{"text":600,"type":572}," at a lower cost. ",{"type":567,"attrs":602,"content":603},{"textAlign":49},[604,606,610],{"text":605,"type":572},"While the upcoming role LMFP will play in the battery mix is yet to be determined, the global demand for HPMSM is forecast to increase more than 5.9x in 2030 in a high case LMFP uptake scenario, according to the ",{"text":579,"type":572,"marks":607},[608],{"type":582,"attrs":609},{"href":584,"uuid":49,"anchor":49,"target":49,"linktype":585},{"text":611,"type":572},". In case of  a low LMFP adoption, the market demand is still expected to grow 3.5x until 2030. ",{"type":613,"attrs":614,"content":616},"heading",{"level":615,"textAlign":49},4,[617],{"text":618,"type":572},"Where will the ex-China HPMSM supply come from?",{"type":567,"attrs":620,"content":621},{"textAlign":49},[622,624,628],{"text":623,"type":572},"While China will still remain a key HPMSM producer in the coming years, the ex-China HPMSM share is forecast to grow to 28% in 2030 from just 3% this year, according to the ",{"text":579,"type":572,"marks":625},[626],{"type":582,"attrs":627},{"href":584,"uuid":49,"anchor":49,"target":49,"linktype":585},{"text":629,"type":572},". ",{"type":567,"attrs":631,"content":632},{"textAlign":49},[633,635,639],{"text":634,"type":572},"About 41% of the new capacity out to 2030 will come from outside China, according to the ",{"text":579,"type":572,"marks":636},[637],{"type":582,"attrs":638},{"href":584,"uuid":49,"anchor":49,"target":49,"linktype":585},{"text":640,"type":572},". However this may not be enough to meet the global demand and more ex-China projects will need to come online.",{"type":567,"attrs":642,"content":643},{"textAlign":49},[644],{"text":645,"type":572},"“There is still considerable uncertainty about how many of those ex-China projects will eventually come online, most are still raising the requisite capital and haven’t begun construction. The potential of ex-China delays combined with new stricter Inflation Reduction Act (IRA) regulations clarified in May creates the risk of a market deficit of IRA eligible HPMSM,” said Zachary Parsons, analyst with Benchmark. ",{"type":567,"attrs":647,"content":648},{"textAlign":49},[649,651,657],{"text":650,"type":572},"In July, the US Department of Treasury ",{"text":652,"type":572,"marks":653},"released the final regulations",[654],{"type":582,"attrs":655},{"href":656,"uuid":49,"anchor":49,"target":49,"linktype":585},"https://source.benchmarkminerals.com/article/what-the-final-30d-ira-tax-credit-rules-mean-for-the-us-auto-industry",{"text":658,"type":572}," for tax credits under the IRA which mandates manganese and other critical materials to be sourced from a non-foreign entity of concern (FEOC), including China.  ",{"type":567,"attrs":660,"content":661},{"textAlign":49},[662],{"text":663,"type":572},"Of the 25 ex-China HPMSM projects that Benchmark is currently tracking, only two of them are in operation. These include projects from Vibrantz Technologies and Nippon Denko’s facility in Japan.",{"type":567,"attrs":665,"content":666},{"textAlign":49},[667,669,673],{"text":668,"type":572},"Three projects based in North America and Africa are considered highly probable while two projects, one in the US and the other in Botswana have been marked probable, according to the ",{"text":579,"type":572,"marks":670},[671],{"type":582,"attrs":672},{"href":584,"uuid":49,"anchor":49,"target":49,"linktype":585},{"text":674,"type":572},". Further, eight projects globally have been marked possible while 25 fall under the speculative category. ","China is set to maintain its high purity manganese sulphate (HPMSM) supply dominance by the end of the decade, but its share is set to decline by 2030 as more projects in other regions come online. While HPMSM production in China is set to nearly double to 308,000 tonnes by the end of the decade, […]",[677],{"slug":555,"name":556,"content":678},{"job_title":558,"image":679,"bio":561,"linkedin":562},{"filename":560},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"57b00c8b-e354-41a5-a63d-4bc209eaa479\", \"id\": \"\"}-->","article",[683,685,687,690],{"slug":594,"name":684},"Batteries",{"slug":686,"name":298},"cathode",{"slug":688,"name":689},"critical-minerals","Critical Minerals",{"slug":691,"name":692},"manganese","Manganese","private",{"id":49,"alt":695,"name":696,"focus":696,"title":695,"source":696,"filename":697,"copyright":696,"fieldtype":698,"meta_data":699,"is_external_url":51},"Manganese ore in stockpile at harbor loading site in Port Hedland, Pilbara, Western Australia","","https://a.storyblok.com/f/287943243085208/3f82f1e2fa/bm-manganese-ore-stockpile.jpg","asset",{"alt":695,"title":695,"source":696,"copyright":696},"Jul 29, 2024","29th July 2024",[],[],1780500946827]