China Battery-grade Manganese Sulphate Output was 20,600 mt in Physical Content in June and is Expcted to Increase in July

SHANGHAI, July 12 (SMM) - China produced 20,600 mt in physical content or 6,600 mt in metal content of battery-grade manganese sulphate in June, up 37% MoM and 20% YoY, according to SMM statistics. The increase was mainly caused by the production resumption of major enterprises in Guangxi and Guizhou. The precursor plants were more willing to picking up goods in June/July than in May, but the prices of battery-grade manganese sulphate still declined due to the high inventories in the early stage. In July, the downstream ternary cathode precursor demand further improves. Therefore, the output of battery-grade manganese sulphate is expected to increase by 5% on the month and 23% on the year to 69,400 mt in metal content in July.