Manganese traded flat at 29.65 CNY/mtu on October 17, 2025. Over the past month, Manganese's price has fallen 0.67%, and is down 1.98% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Manganese Ore - values, historical data, forecasts and news - updated on October of 2025.

This article explores the various factors influencing manganese ore prices in 2023, including global steel demand, economic conditions, and environmental policies. It discusses the price fluctuations within the range of $150 to $250 per metric ton and the impact of new technology demands on pricing. Understanding these influences is crucial for stakeholders navigating the dynamic market.

Manganese stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news.

The manganese market is experiencing steady growth, projected to reach a value of $24.4 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033. This robust expansion is driven by several key factors. The burgeoning steel industry, a significant consumer of manganese, is a primary catalyst. Increased infrastructure development globally, particularly in emerging economies, further fuels demand for manganese-based alloys used in construction and transportation. Furthermore, the growing adoption of electric vehicles (EVs) is significantly impacting the market. Manganese is a crucial component in EV batteries, and as the EV sector continues its rapid expansion, the demand for manganese is expected to surge. Technological advancements in manganese extraction and processing are also contributing to market growth by improving efficiency and reducing production costs. However, fluctuating manganese ore prices, influenced by global economic conditions and geopolitical factors, present a challenge. Additionally, environmental concerns related to manganese mining and processing necessitate the implementation of sustainable practices, which could impact market growth if not properly managed. Major players such as BHP, Vale, and Tata Steel are actively shaping the market dynamics through strategic partnerships, expansions, and technological innovation. The competitive landscape of the manganese market is characterized by a mix of large multinational corporations and smaller regional players. Established companies leverage their extensive mining operations and established distribution networks to maintain market share, while smaller companies often focus on niche applications or specific geographic regions. The market segmentation varies based on manganese product types (e.g., ferro-manganese, electrolytic manganese dioxide), application industries (steel, chemicals, batteries), and geographical regions. The future of the manganese market hinges on factors such as the continued growth of the steel and EV industries, advancements in sustainable mining practices, and effective management of price volatility. Strategic alliances, research and development initiatives, and exploration of new manganese reserves will be pivotal in shaping the market's future trajectory. Key drivers for this market are: Increasing Demand of Electric Vehicles, Other Drivers. Potential restraints include: Other Restraints. Notable trends are: Increasing Demand from Construction Sector.

In 2024, the price for one metric ton of manganese ore in the United States, containing 44 percent manganese content, cost, insurance, and freight (CIF) costs, came to an estimated five U.S. dollars. The CIF (Cost Insurance and Freight) indicates that the seller has to pay for shipping to the destination specified in the Incoterms (defines the seller’s and buyer’s respective obligations and responsibilities, in international trade). They also have to buy insurance to cover the risks of transporting goods to the destination.

Price for Manganese Ore and Concentrate in Indonesia - 2022. Find the latest marketing data on the IndexBox platform.

Global manganese prices are expected to remain flat at around 4.5 U.S. dollars per metric ton unit CIF between 2020 and 2022. This would be a stark contrast to the time period between 2016 and 2019, when volatility was roiling the market. Recently, there has also been a widening gap between low- and high-grade manganese ore variants. A critical material   An essential agent in steelmaking, manganese is most commonly used to improve either the strength or ductility of steel. In order to produce steel, the United States imports approximately 700,000 metric tons of metals, ferroalloys, and selected chemicals containing manganese every year. In 2018, 100 percent of the manganese used in the United States was imported from other countries. The commodity is thus listed as a critical material by the U.S. Geological Survey. Australia, South Africa, Brazil, China, and Gabon are among the main producers of manganese ore. Other uses However, metallurgy is not the only application where this critical material is used: battery making is the most important other application involving manganese, which is used in some lithium-ion and alkaline batteries.

Explore the dynamic factors influencing manganese ore prices, including supply-demand dynamics, production costs, economic conditions, and geopolitical events. Discover how China's consumption, steel industry demand, and technological advancements impact market trends and pricing volatility, providing insights for investors and stakeholders.

According to Cognitive Market Research, the global Manganese Oxide Market size was USD 89685.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 35874.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 26905.65 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 20627.67 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 4484.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 1793.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
The chemical grade category is the fastest growing segment of the Manganese Oxide industry

Market Dynamics of Manganese Oxide Market

Key Drivers for Manganese Oxide Market

Technological developments in energy storage are anticipated to support market expansion

Manganese oxide (MnO) is being investigated for application in next-generation energy storage devices, such as supercapacitors and rechargeable metal-air batteries, due to advancements in energy storage technology. Materials based on manganese oxide have demonstrated potential in enhancing cycle life, efficiency, and energy storage capacity. To improve their electrochemical performance, researchers have been examining several kinds of manganese oxide (MnO), such as nanostructured and mesoporous materials. The goal of these developments is to meet the growing need for high-performance energy storage systems in uses including portable electronics, renewable energy integration, and electric cars. Researchers are aiming to create more cost-effective and sustainable energy storage solutions that can aid in the shift to a cleaner and more renewable energy landscape by utilizing the special qualities of manganese oxide (MnO), such as its high theoretical specific capacity.

Market expansion as a result of growing industries

The need for manganese oxide has increased as a result of the expansion and development of numerous industrial sectors. Manganese oxide is used in industries including glass, ceramics, and water treatment because of its special qualities. Manganese oxide (MnO) is a pigment used in ceramics that gives the finished products color and durability. Manganese oxide is used by the glass industry to improve the color, opacity, and chemical and heat resistance of glass. Manganese oxide (MnO) is also used in water treatment procedures, where it functions as a catalyst to eliminate impurities such as heavy metals. Manganese oxide is a versatile industrial substance that is predicted to become more in demand as global infrastructure development and industrial activity continue to grow.

Restraint Factor for the Manganese Oxide Market

Raw material price fluctuation will impede market expansion

The growth of alkaline-based MnO2 manufacturing plants is influenced by the relative costs of different EMD grades used in electrochemical batteries. The cost of producing EMD varies according on the production technique and product purity. Higher purity EMD grades are typically more costly than lesser purity grades. The cost of EMD is also significantly influenced by the production process. High energy consumption and high production costs are linked with traditional EMD production procedures. Manganese ore, one of the raw materials required to produce manganese oxide, can have volatile prices.

Impact of Covid-19 on the Manganese Oxide Market

The market share of manganese oxide (MnO) has been significantly impacted by the COVID-19 pandemic. Medical devices and equipment, including electrodes, sensors, and diagnostic tools, have been made using manganese oxide. These goods are essential for the diagnosis, tracking, and management of various illnesses, including COVID-19. Manganese oxide nanoparticles have demonstrated promise in drug delivery systems, where they can be applied to improve...

Ferro Manganese Alloy Market Outlook

The global Ferro Manganese Alloy market size was valued at approximately USD 19.8 billion in 2023 and is projected to reach around USD 30.6 billion by 2032, growing at a CAGR of 4.9% during the forecast period. The robust demand from the steel production industry, which is the largest consumer of ferro manganese alloys, is a significant growth factor driving this market. Increasing infrastructural developments and industrialization across various regions contribute substantially to the market's expansion.

One of the primary growth factors for the ferro manganese alloy market is its extensive use in steel production. Ferro manganese is crucial in the steelmaking process because it acts as a deoxidizer and desulfurizer, improving steelÂ’s strength, durability, and resistance to wear and tear. The burgeoning automotive and construction industries are significant consumers of steel, further propelling the demand for ferro manganese alloys. With the global automotive industry poised for substantial growth, the need for high-strength, lightweight steel variants is expected to surge, driving the ferro manganese market.

Another vital growth factor is the increasing demand for ferro manganese alloys in the foundry and welding industries. These alloys are used to produce cast iron and in welding electrodes, where they help improve the mechanical properties and quality of the weld. As industries like aerospace and shipbuilding continue to expand, the demand for high-quality welds and cast iron components is expected to grow, further boosting the ferro manganese alloy market. The rising trend towards utilizing more high-carbon and medium-carbon variants of ferro manganese alloys in these applications is also supporting market growth.

Technological advancements and innovations in alloy production processes present another significant growth driver. Enhanced production technologies have led to more efficient and cost-effective manufacturing methods, reducing production costs and increasing output quality. These advancements are making ferro manganese alloys more accessible and affordable for end-users, fostering market growth. Additionally, the recycling of steel and other metals is becoming more prevalent, where ferro manganese alloys play a crucial role, further driving demand.

Ferroalloys Silico Manganese is an essential component in the production of various steel types, offering enhanced strength and durability. This alloy, composed of silicon and manganese, is particularly valued for its ability to improve the mechanical properties of steel, making it ideal for applications requiring high resilience. The growing demand for high-performance steel in construction and automotive sectors has significantly boosted the consumption of Ferroalloys Silico Manganese. As industries continue to innovate and develop new steel grades, the role of silico manganese in achieving desired material characteristics becomes increasingly crucial. This trend underscores the importance of continuous advancements in alloy production techniques to meet the evolving needs of the market.

The regional outlook of the ferro manganese alloy market shows a diverse and dynamic landscape. Asia Pacific holds the largest market share, driven by massive industrialization and infrastructural developments in countries like China and India. North America and Europe also hold significant market shares due to their well-established steel production industries. Latin America and the Middle East & Africa are emerging as potential growth regions due to increasing investments in industrial sectors and infrastructure projects. Each region exhibits distinct growth patterns influenced by local industry dynamics and economic conditions.

Grade Analysis

The ferro manganese alloy market is segmented by grade into High Carbon, Medium Carbon, and Low Carbon variants. High Carbon Ferro Manganese is crucial in steelmaking due to its cost-effectiveness and high manganese content. It is predominantly used in the production of flat and long steel products. The demand for high carbon ferro manganese remains robust, driven by increasing steel production requirements in construction and automotive industries. This segment holds a significant share of the market and is expected to maintain its dominance throughout the forecast

China Manganese Ore & Chromium Ore Mining & Dressing: Selling and Distribution Cost: Year to Date data was reported at 0.446 RMB bn in Oct 2015. This records an increase from the previous number of 0.396 RMB bn for Sep 2015. China Manganese Ore & Chromium Ore Mining & Dressing: Selling and Distribution Cost: Year to Date data is updated monthly, averaging 0.278 RMB bn from Jan 2012 (Median) to Oct 2015, with 46 observations. The data reached an all-time high of 0.750 RMB bn in Dec 2013 and a record low of 0.042 RMB bn in Feb 2012. China Manganese Ore & Chromium Ore Mining & Dressing: Selling and Distribution Cost: Year to Date data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BGB: Ferrous Metal: Manganese Ore and Chromium Ore Mining and Dressing.

The global high-carbon ferromanganese (HCFeMn) market is experiencing robust growth, driven by the increasing demand from the steel industry. While precise market size figures for 2025 aren't provided, considering typical market sizes for similar ferroalloys and a plausible CAGR (let's assume a conservative 5% CAGR based on industry growth projections), a reasonable estimate for the 2025 market size would be around $2.5 billion. This growth is primarily fueled by the expanding global steel production, particularly in developing economies in Asia-Pacific and the Middle East. The increasing use of HCFeMn as a deoxidizer and alloying agent in steel manufacturing processes further propels market expansion. The preference for blast furnace methods, although more established, is gradually facing competition from the electric furnace method, which offers higher efficiency and environmental benefits, thus shaping production trends. However, market growth faces certain restraints including fluctuating raw material prices (manganese ore), stringent environmental regulations concerning emissions, and potential disruptions in global supply chains. The segmentation by application (deoxidizer, alloying element additive, others) highlights the versatility of HCFeMn in various steel grades and applications. Major players like Nippon Denko, Eramet, and others dominate the market, with competition shaping pricing strategies and technological advancements. The projected growth rate remains positive, though potentially slightly lower than the initial estimate due to the aforementioned restraints. Assuming a conservative CAGR of 4% from 2025 to 2033, the market is poised to reach approximately $3.5 billion by 2033. Regional variations will exist, with Asia-Pacific and potentially Africa (due to resources and increasing industrialization) witnessing faster growth compared to mature markets in North America and Europe. Further growth will heavily rely on the overall health of the global steel industry, technological improvements in HCFeMn production, and the adoption of sustainable practices to mitigate environmental concerns. This market analysis suggests a stable but potentially slower growth trajectory compared to initial projections due to the inherent market dynamics and complexities. This report provides a comprehensive analysis of the global High-carbon Ferromanganese (HCFeMn) market, projecting a market value exceeding $5 billion by 2028. This in-depth study examines production, consumption, trade, pricing trends, and future market dynamics, crucial for stakeholders in the steel, ferroalloy, and metallurgical industries.

Get the latest insights on price movement and trend analysis of Manganese Sulfate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Indonesia Referred Price: Mineral: Manganese data was reported at 3.000 USD/DMTU in May 2025. This records a decrease from the previous number of 3.030 USD/DMTU for Apr 2025. Indonesia Referred Price: Mineral: Manganese data is updated monthly, averaging 4.080 USD/DMTU from Oct 2017 (Median) to May 2025, with 92 observations. The data reached an all-time high of 7.410 USD/DMTU in May 2018 and a record low of 2.980 USD/DMTU in Feb 2025. Indonesia Referred Price: Mineral: Manganese data remains active status in CEIC and is reported by Directorate General of Mineral and Coal. The data is categorized under Indonesia Premium Database’s Mining and Manufacturing Sector – Table ID.BAG004: Referred Coal and Minerals Price.

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Manganese Mining Market Size 2024-2028

The manganese mining market size is forecast to increase by USD 10.94 billion, at a CAGR of 6.78% between 2023 and 2028.

The market is experiencing significant growth, driven by the increasing demand for steel and the rising adoption of stainless steel in various industries. The versatility and durability of stainless steel make it an essential component in construction, automotive, and manufacturing sectors. Consequently, the demand for manganese ore, a crucial ingredient in steel production, is on the rise. However, the procurement of manganese ore poses challenges for market participants. The market's dynamics are influenced by the geopolitical instability in major producing countries, such as South Africa and Australia, which can disrupt supply chains and impact prices. Additionally, the environmental concerns associated with manganese mining and the depletion of high-grade ore deposits are pressing issues that need to be addressed. Companies seeking to capitalize on market opportunities and navigate challenges effectively must focus on sustainable mining practices, diversify their supply sources, and invest in research and development to explore alternative manganese sources and applications.

What will be the Size of the Manganese Mining Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
Request Free SampleThe market continues to evolve, shaped by a complex interplay of factors. Manganese nodules, rich in this essential mineral, are discovered in various locations, from land-based open-pit mines to deep-sea deposits. Metallurgical processes transform manganese ore into valuable products, such as ferroalloys and manganese sulfate, which are integral to the production of stainless steel, pig iron, and low-carbon steel. Mining operations face ongoing challenges, including mine reclamation, waste management, and adherence to mining regulations and licenses. Geological surveys and digital mining technologies facilitate resource exploration and efficient extraction processes. Price fluctuations, influenced by global trade dynamics, market volatility, and demand drivers, impact the profitability of mining ventures. Manganese applications extend to sectors like aluminum production, battery manufacturing, and high-carbon steel industries. The ongoing shift towards sustainable and low-carbon technologies, such as electric vehicles and renewable energy, presents new opportunities for manganese in the form of lithium-ion batteries and other applications. Environmental impact, water management, safety standards, and carbon footprint are critical concerns for the industry, shaping the future of manganese mining and its role in a sustainable global economy. The industry outlook remains positive, with ongoing advancements in mining technology, mining regulations, and market trends.

How is this Manganese Mining Industry segmented?

The manganese mining industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. ApplicationAlloysOthersTypeBraunitePyrolusitePsilomelaneRhodochrositeGeographyNorth AmericaUSAPACAustraliaChinaIndiaSouth AmericaBrazilRest of World (ROW)

By Application Insights

The alloys segment is estimated to witness significant growth during the forecast period.The market is characterized by various market dynamics and trends. The alloys segment holds the largest market share, driven by the extensive usage of manganese in manufacturing alloys to enhance their physical and mechanical properties. Steel, particularly stainless steel, is the primary end-user of manganese alloys, accounting for a significant portion of the market. Approximately 15% of the mined manganese ore is converted into manganese alloy, with the remaining portion used in industrial applications. Manganese ore is primarily mined through surface and open-pit methods, while deep-sea mining is an emerging trend. Mine reclamation and waste management are crucial aspects of mining operations, with regulations and licenses governing the industry. The mining process involves various metallurgical techniques to extract manganese ore and convert it into manganese oxide or manganese sulfate. Manganese is a vital component in low-carbon steel production and is increasingly used in battery manufacturing for lithium-ion batteries in electric vehicles. Price fluctuations, driven by supply chain disruptions and market volatility, impact the market's growth. Safety standards and environmental impact are essential considerations in mining operations. The industry's digital transformation is leading to the adoption of mining technology, remote sensing, and extraction processes. Manga

Explore the Manganese Manufacturing Plant Project Report 2025 by Procurement Resource. Stay updated on Manganese manufacturing cost analysis, procurement insights, ROI, and market evaluation.

The manganese mining market, currently valued at $28.18 billion (2025), is projected to experience robust growth, driven by increasing demand from steel and alloy industries. A compound annual growth rate (CAGR) of 6.78% from 2025 to 2033 indicates significant expansion potential. Key drivers include the burgeoning construction and automotive sectors, which rely heavily on manganese-based alloys for enhanced strength and durability. The rising adoption of sustainable energy technologies, particularly in electric vehicles and renewable energy infrastructure, further fuels demand for manganese. Market segmentation reveals strong performance across various applications, notably alloys, which constitute a significant portion of overall consumption. Within the type segment, Braunite, Pyrolusite, and Psilomelane are major contributors, reflecting the diverse sources of manganese ore. Geographic analysis points to significant market share held by the Asia-Pacific region, particularly China and India, fueled by robust industrial activity and infrastructure development. North America and Europe also present substantial market opportunities, driven by established manufacturing bases and technological advancements. However, fluctuating ore prices, environmental regulations, and geopolitical factors pose potential challenges to market growth. Leading companies, including Anglo American plc, BHP Group plc, and Vale SA, are actively shaping market dynamics through strategic investments, mergers and acquisitions, and technological innovations. The competitive landscape is marked by both established players and emerging companies vying for market share. Companies are employing various competitive strategies such as capacity expansion, technology adoption, and strategic partnerships to maintain their position. Market players need to navigate potential industry risks such as price volatility, resource depletion, and environmental concerns. The forecast period (2025-2033) suggests continued growth trajectory, largely influenced by global economic conditions, technological developments, and policy changes related to sustainable materials and resource management. This forecast incorporates several factors including but not limited to continued growth in steel production, the increasing use of manganese in electric vehicle batteries, and the continued development of infrastructure in emerging markets. Further, the analysis considers the impact of potential supply chain disruptions and global economic volatility on market growth.

Ghana Commodity Price: Manganese data was reported at 71.050 USD/Tonne in Aug 2018. This records an increase from the previous number of 65.730 USD/Tonne for Jul 2018. Ghana Commodity Price: Manganese data is updated monthly, averaging 57.520 USD/Tonne from Jan 2004 (Median) to Aug 2018, with 169 observations. The data reached an all-time high of 99.080 USD/Tonne in May 2017 and a record low of 10.010 USD/Tonne in Jun 2005. Ghana Commodity Price: Manganese data remains active status in CEIC and is reported by Bank of Ghana. The data is categorized under Global Database’s Ghana – Table GH.P001: Commodity Price.

Explore the dynamics of the manganese price index, a vital resource for market participants, which helps in understanding factors affecting manganese prices, including global supply-demand shifts, advancements in technology, and recycling efforts.

China Manganese Ore & Chromium Ore Mining & Dressing: YoY: Cost of Sales: Year to Date data was reported at -8.377 % in Oct 2015. This records a decrease from the previous number of -6.822 % for Sep 2015. China Manganese Ore & Chromium Ore Mining & Dressing: YoY: Cost of Sales: Year to Date data is updated monthly, averaging 10.776 % from Jan 2012 (Median) to Oct 2015, with 46 observations. The data reached an all-time high of 38.027 % in Apr 2013 and a record low of -8.377 % in Oct 2015. China Manganese Ore & Chromium Ore Mining & Dressing: YoY: Cost of Sales: Year to Date data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BGB: Ferrous Metal: Manganese Ore and Chromium Ore Mining and Dressing.