Manganese rose to 29.75 CNY/mtu on July 31, 2025, up 0.34% from the previous day. Over the past month, Manganese's price has risen 1.36%, but it is still 13.14% 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.

As of August 2023, the price of manganese in Ghana was realized at ***** U.S. dollars per metric ton, a decrease compared to the same period in 2022. Moreover, the price of this commodity peaked in April 2018 at ***** U.S. dollars per metric ton, whereas it was lowest in January 2021 at ***** 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.

In 2024, the price for one metric ton of manganese ore in the United States, containing ** 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.

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.

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 *** percent. Manganese is an essential component of steel.

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.

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.

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

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).

The global manganese ore market size was worth more than USD 395.48 million in 2024 and is poised to witness a CAGR of around 6.4%, crossing USD 885.86 million revenue by 2037. Iron & Steel segment is forecast to account for 89% share by 2037, influenced by rising demand for manganese ore in iron and steel production, driven by growth in per capita steel consumption globally.

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.

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.

The manganese metal market is experiencing robust growth, driven by increasing demand from various sectors. While precise figures for market size and CAGR are unavailable, a reasonable estimate based on industry reports and trends suggests a current market value (2025) of approximately $15 billion, with a compound annual growth rate (CAGR) of around 5-7% projected for the forecast period (2025-2033). This growth is primarily fueled by the expanding steel industry, which consumes a significant portion of manganese for alloying purposes to enhance strength and durability. The burgeoning automotive and construction industries further contribute to market expansion, demanding high-quality manganese-based alloys for lightweighting and enhanced structural integrity. Emerging applications in renewable energy technologies, such as batteries for electric vehicles and energy storage systems, are also presenting significant growth opportunities for the manganese metal market. However, the market is not without its challenges. Fluctuations in raw material prices, coupled with geopolitical uncertainties impacting supply chains, pose significant restraints to market growth. Furthermore, environmental concerns related to manganese mining and processing necessitate the adoption of sustainable practices, driving costs and potentially limiting expansion in certain regions. The market is segmented by various factors, including product grade, application, and geographic location. Key players such as Nippon Denko, Belmont Metals, and Euro Manganese are actively engaged in expanding their production capacities and exploring new applications to capitalize on the expanding market. Future growth will likely be influenced by technological advancements in manganese extraction and processing, as well as government policies aimed at promoting sustainable mining practices and supporting the transition towards renewable energy technologies.

The global manganese ore and concentrate market expanded significantly to $13.5B in 2024, increasing by 14% against the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2024; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Global consumption peaked in 2024 and is expected to retain growth in the immediate term.

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.

The manganese market, valued at approximately $XX million in 2025, is projected to experience steady growth, exhibiting a compound annual growth rate (CAGR) of 3.87% from 2025 to 2033. This expansion is primarily driven by the burgeoning demand for manganese in various applications, particularly in the burgeoning renewable energy sector (power storage and electricity) and the robust construction industry, both experiencing significant global expansion. The increasing adoption of electric vehicles (EVs) and energy storage systems further fuels this demand, as manganese is a crucial component in lithium-ion batteries. Growth in steel production, particularly in developing economies like India and China, also contributes significantly to market expansion. However, the market faces challenges such as price volatility related to raw material costs and potential supply chain disruptions, which could impact overall growth. Furthermore, environmental regulations concerning manganese mining and processing pose another restraint to consider. Segment-wise, the Alloys application segment is expected to dominate due to its extensive use in steelmaking, while the Asia-Pacific region, led by China and India, is poised to retain its leading market position due to their large industrial base and significant infrastructure development. Companies such as Anglo American PLC, Assore Limited, and Vale are key players shaping market dynamics through strategic investments and technological advancements. The forecast period (2025-2033) anticipates a sustained increase in market value, influenced by ongoing technological advancements in battery technology and the continuous growth of the construction and industrial sectors. Competitive dynamics are expected to remain intense, with existing players consolidating their positions and new entrants seeking opportunities in emerging markets. The focus on sustainable and environmentally responsible mining practices will also play a crucial role in shaping the future trajectory of the manganese market. Strategic partnerships, mergers, and acquisitions are likely to be key strategies for market players to gain a competitive edge. Geographical diversification and investments in research and development will become increasingly important for achieving sustainable growth and mitigating potential risks associated with supply chain vulnerabilities. Recent developments include: In August 2020, South32 Ltd. announced that it would sell its entire stake in the manganese alloy smelter, Tasmanian Electro Metallurgical Company (TEMCO) to UK-based conglomerate GFG Alliance and thereby enhancing the business of GFG Alliance.. Key drivers for this market are: Increasing Demand of Electric Vehicles, Other Drivers. Potential restraints include: Increasing Demand of Electric Vehicles, Other Drivers. Notable trends are: Increasing Demand from Construction Sector.

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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