[SMM Analysis] Manganese Dioxide Production Increased MoM in February, This Trend Is Expected to Continue in March

In February 2025, the production of EMD increased slightly MoM.

The main reason was that after the Chinese New Year holiday, enterprises largely resumed normal production, and market supply increased slightly. The downstream primary battery market showed some recovery, with demand increasing slightly, which drove the production of carbon-zinc and alkaline manganese dioxide. However, the downstream secondary battery market remained in the off-season, with no significant increase in demand, and the production of LMO-type manganese dioxide remained stable.

It is expected that by March 2025, the LMO market will likely recover. Coupled with the fact that March has more days than February, the overall production of manganese dioxide is expected to continue showing a slight growth trend.