Manganese Market Forecast: Top Trends for Manganese in 2026

2026-01-22 16:50:00 ET

After taking a bearish turn in late 2024, manganese prices started 2025 on a flat note despite a robust demand outlook supported by growth in the electric vehicle (EV) battery segment.

In the first half of 2025, the manganese market experienced mixed signals as supply dynamics shifted and demand from the steelmaking sector remained uneven. Early in the year, logistical disruptions and tight inventories in China briefly supported manganese ore prices — China’s port stocks fell to multi-year lows in March, drawing down to roughly 3.7 million metric tons due to by logistical bottlenecks and steady consumption by alloy makers and steel producers.

A rebound in sales in early spring pushed ore prices to a 2025 high of US$4.48 per metric ton.

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