SMM Analysis On China September Mn3O4 Production And October Forecast

Published: Oct 14, 2024 10:29

Source: SMM

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In September 2024, China's Mn3O4 production increased both MoM and YoY.

In September 2024, China's Mn3O4 production increased both MoM and YoY. The production of electronic-grade and battery-grade Mn3O4 increased slightly. In September, the LMO market showed signs of recovery, driving up the demand for battery-grade Mn3O4. Additionally, the rapid development of LMFP technology led many companies to use Mn3O4 as the main manganese source, which also contributed to the increase in production schedules for Mn3O4 companies. Looking ahead to October, the LMO market is expected to continue recovering due to rising lithium carbonate prices. Mn3O4 still holds cost advantages over manganese dioxide, which will further boost the production of battery-grade Mn3O4. Based on market feedback, China's Mn3O4 production is expected to increase slightly MoM in October.

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