Manganese traded flat at 29.45 CNY/mtu on July 11, 2025. Over the past month, Manganese's price has risen 0.34%, but it is still 16.45% lower than a year ago, 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 July of 2025.

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.

China dominates imports of manganese ore, and shipments to the country are actively rebounding after 2020’s drop in mining and trade worldwide. The country is strengthening its control over the high-purity manganese sector used in electric car batteries. Chinese manganese producers have merged into a conglomerate enabling the country to influence prices and gain a competitive advantage.

As of October 2024, the price of manganese in Ghana was realized at 48.73 U.S. dollars per metric ton, a decrease compared to the same period in 2023. Moreover, the price of this commodity peaked in April 2018 at 74.55 U.S. dollars per metric ton, whereas it was lowest in July and September 2024 at 48.23 U.S. dollars per metric ton. Overall, Ghana is one of the leading manganese-producing countries in the world.

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

Price for Manganese Ore and Concentrate in India - 2023. Find the latest marketing data on the IndexBox platform.

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.

This statistic represents the projected change in global manganese prices between 2005 and 2016. In 2013, the price of manganese is forecast to decrease by approximately six percent. Manganese is an essential component of steel.

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.

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.

According to Cognitive Market Research, the global Manganese Oxide Market size will be 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 imp...

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.

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).

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

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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 e

Ghana Export Price: Manganese data was reported at 55.960 USD/Metric Ton in Mar 2018. This records a decrease from the previous number of 57.610 USD/Metric Ton for Dec 2017. Ghana Export Price: Manganese data is updated quarterly, averaging 62.750 USD/Metric Ton from Mar 2006 (Median) to Mar 2018, with 49 observations. The data reached an all-time high of 75.620 USD/Metric Ton in Jun 2017 and a record low of 20.630 USD/Metric Ton in Mar 2006. Ghana Export 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.P003: Export Price.

The manganese ore market is experiencing robust growth, driven by the increasing demand from steel and other metallurgical industries. While precise figures for market size and CAGR are unavailable, a reasonable estimation, based on industry reports and trends, would place the 2025 market value at approximately $15 billion, with a Compound Annual Growth Rate (CAGR) of around 5% projected for the forecast period (2025-2033). This growth is fueled by several key factors, including the expansion of the global steel industry, particularly in developing economies like India and China, and the rising adoption of manganese alloys in various applications such as batteries, fertilizers, and chemical manufacturing. Furthermore, ongoing technological advancements in manganese extraction and processing are contributing to improved efficiency and reduced costs. However, the market faces some challenges. Fluctuations in raw material prices, environmental concerns related to mining operations, and geopolitical factors impacting supply chains are potential restraints on market expansion. The competitive landscape is relatively consolidated, with major players like BHP Billiton, Vale, and Eramet Comilog holding significant market shares. Smaller companies and regional players like MOIL Ltd and Dharni Sampda Private Ltd also contribute, creating a diverse market structure. Future market growth will likely hinge on sustainable mining practices, technological innovation to mitigate environmental impacts, and strategic partnerships to secure raw material supplies and navigate geopolitical risks. Geographical distribution will continue to reflect existing resource concentrations, with regions possessing abundant manganese ore deposits retaining strong market positions. The ongoing shift towards electric vehicles and energy storage solutions could further drive manganese ore demand in the coming years, presenting exciting opportunities for industry participants.

Ferro Manganese Market Outlook

The global ferro manganese market size was valued at approximately $10.5 billion in 2023 and is anticipated to grow to about $14.8 billion by 2032, reflecting a compound annual growth rate (CAGR) of 3.9%. This growth is primarily fueled by the increasing demand in the steel production industry and the rising infrastructural developments worldwide. The ferro manganese market is set to witness substantial expansion due to the indispensable role of ferro manganese in enhancing steel properties, making it a crucial component in various industrial applications.

One of the principal growth factors of the ferro manganese market is its extensive use in steel production. Ferro manganese acts as a deoxidizer and desulphurizer, and it imparts critical properties such as hardness and strength to steel. As the global demand for steel continues to soar, driven by infrastructure projects, automotive production, and industrial machinery, the need for ferro manganese is expected to rise correspondingly. Additionally, the upsurge in construction activities globally, particularly in emerging economies, significantly contributes to the burgeoning demand for ferro manganese, as steel remains a fundamental material in construction.

Another significant factor propelling the growth of the ferro manganese market is its application in the foundry industry. The versatility and effectiveness of ferro manganese in improving the wear-resistance and mechanical properties of cast iron and other alloys play a vital role in the foundry segment. The continuous advancements in foundry technologies and the rising demand for high-quality metal castings in various industries, including automotive, aerospace, and heavy machinery, are anticipated to bolster the demand for ferro manganese.

The market's expansion is also driven by the growing welding industry. Ferro manganese is widely used in welding electrodes to enhance the strength and durability of welded joints. With the continuous growth in the manufacturing sector and infrastructural developments, the welding industry is projected to witness significant growth, thereby amplifying the demand for ferro manganese. Furthermore, the ongoing research and development initiatives aimed at improving the quality and performance of welding consumables are expected to create new avenues for market growth.

Silicon Manganese Alloy is an essential component in the steelmaking process, offering a unique combination of silicon and manganese that enhances the mechanical properties of steel. This alloy is particularly valued for its ability to improve the strength and ductility of steel, making it a preferred choice in the production of high-strength, low-alloy steels. The demand for Silicon Manganese Alloy is closely linked to the growth of the steel industry, as it plays a critical role in refining and purifying molten steel. As industries continue to seek materials that offer superior performance and durability, the use of Silicon Manganese Alloy is expected to rise, supporting the overall expansion of the ferroalloy market.

Regionally, Asia Pacific holds a prominent share in the ferro manganese market, primarily due to the rapid industrialization and urbanization in countries like China and India. These nations are major consumers of steel, driven by their extensive construction projects and large-scale manufacturing operations. North America and Europe are also significant markets, supported by robust automotive and construction industries. Latin America and the Middle East & Africa, though smaller in comparison, are expected to exhibit steady growth, propelled by infrastructural developments and industrial activities in these regions.

Grade Analysis

The ferro manganese market is segmented by grade into high carbon, medium carbon, and low carbon ferro manganese. High carbon ferro manganese, with its high manganese content and relatively low production cost, holds a substantial share of the market. This grade is extensively used in steel production, where it acts as a deoxidizer and helps in refining the molten steel. The demand for high carbon ferro manganese is directly proportional to the growth of the steel industry, which is anticipated to remain strong due to ongoing construction and manufacturing activities worldwide.

Medium carbon ferro manganese, offering a balance between performance and cost, is another significant segment within the market. Th

China Settlement Price: ZCE: Silicomanganese: 1st Month data was reported at 5,774.000 RMB/Ton in 13 May 2025. This stayed constant from the previous number of 5,774.000 RMB/Ton for 12 May 2025. China Settlement Price: ZCE: Silicomanganese: 1st Month data is updated daily, averaging 6,940.000 RMB/Ton from Aug 2014 (Median) to 13 May 2025, with 2613 observations. The data reached an all-time high of 12,706.000 RMB/Ton in 11 Oct 2021 and a record low of 3,744.000 RMB/Ton in 16 Dec 2015. China Settlement Price: ZCE: Silicomanganese: 1st Month data remains active status in CEIC and is reported by Zhengzhou Commodity Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Zhengzhou Commodity Exchange: Commodity Futures: Settlement Price: Daily.

China Manganese Ore & Chromium Ore Mining & Dressing: Cost of Sales: Year to Date data was reported at 17.401 RMB bn in Oct 2015. This records an increase from the previous number of 15.644 RMB bn for Sep 2015. China Manganese Ore & Chromium Ore Mining & Dressing: Cost of Sales: Year to Date data is updated monthly, averaging 8.923 RMB bn from Jan 2012 (Median) to Oct 2015, with 46 observations. The data reached an all-time high of 23.525 RMB bn in Dec 2014 and a record low of 1.585 RMB bn in Feb 2012. China Manganese Ore & Chromium Ore Mining & Dressing: 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.