The manganese flake - or electrolytic manganese - market is likely to diverge when demand for battery materials exceeds supply and sends prices soaring, Goran Djukanovic, analyst at Aluminium Insider, said at Fastmarkets Battery Material Europe conference in Berlin on September 26-27.
The market could split into two grades, depending on whether it could be used as a raw material to produce batteries or in steel making. Annual global sales of electric vehicles (EV) will rise sevenfold from 2018 to 2025, when sales are estimated to reach 17 million per year, according to forecasts from Fastmarkets research team.Although the global EV battery material market is currently in a state of excess, EV battery demand will start to...