Manganese Price In China
- China: 2382 USD/MT
In the fourth quarter of 2023, the price of manganese in China reached 2382 USD/MT by December. Similarly, the global price of manganese reached 2627 USD/MT in the same month.
The latest report by IMARC Group, titled “Manganese Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of manganese price trend. This report delves into the price of manganese globally, presenting a detailed analysis, along with informative manganese price chart. Through comprehensive manganese price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the manganese demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Manganese Prices December 2023:
- China: 2382 USD/MT
- Global Price: 2627 USD/MT
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The study delves into the factors affecting manganese price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Manganese Price Trend- Q4 2023
Manganese is a chemical element with the symbol Mn and atomic number 25. It is a transition metal with an important industrial metal alloy used particularly stainless steel. Manganese is not found as a free element in nature but is often found in minerals in combination with iron. Manganese plays a crucial role in biological processes; it is an essential nutrient involved in forming bones, blood clotting, and reducing inflammation. The human body contains about 12-20 mg of manganese, primarily in the bones, liver, kidneys, and pancreas. In industry, manganese is indispensable in steel production, improving hardness, stiffness, and strength. It is also used in aluminum alloys, which are lighter and more durable than pure aluminum. Additionally, manganese dioxide is used in dry-cell batteries as a depolarizer. At present, manganese is gaining immense traction across the globe as a key component in certain types of fertilizers, glass, and ceramics, underscoring its broad utility across various sectors.
Manganese Market Analysis
The global manganese market size reached 19.9 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 23.9 Million Tons, at a projected CAGR of 2.10% during 2023-2032.The manganese market is primarily driven by rising product utilization in steel production, where it is used to improve the hardness, durability, and strength of steel alloys. The steel industry consumes more than 85% of globally mined manganese, highlighting its critical importance. Additionally, the growing demand for manganese in the production of electric vehicle (EV) batteries, particularly lithium-ion and nickel-metal hydride batteries, is another major growth-inducing factor. These batteries require high-purity manganese to enhance energy density and longevity, aligning with the increasing shift toward renewable energy and electric vehicles. Furthermore, manganese’s use in fertilizers and animal feed supplements supports agricultural productivity, driven by the need to improve crop yields and food security globally. The mining and development of manganese reserves, particularly in countries such as South Africa, Australia, and China, also play a crucial role in meeting the global supply demand. Furthermore, the rise in infrastructure projects and urbanization, especially in emerging economies has escalated the demand for manganese in various construction and manufacturing applications, thus contributing to market growth.
Browse Full Report: https://www.imarcgroup.com/manganese-pricing-report
Key Points Covered in the Manganese Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Manganese Prices
- Manganese Price Trend
- Manganese Demand & Supply
- Manganese Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Manganese Price Analysis
- Manganese Industry Drivers, Restraints, and Opportunities
- Manganese News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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