[SMM Analysis] Mn3O4 production declined slightly in April, and is expected to rebound in May

Published: Apr 30, 2025 16:50

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In April 2025, the production of Mn3O4 declined slightly on a WoW basis, but still showed a certain growth rate on a YoY basis. This trend was mainly due to the weak performance of the LMO market, with production declining in April and weak willingness for stockpiling in the market, leading to a decrease in demand for Mn3O4, its main raw material...

In April 2025, Mn3O4 production declined slightly MoM but still increased YoY to a certain extent.

This trend was mainly due to the weak performance of the LMO market, which saw a decrease in production in April and weak stockpiling willingness, leading to reduced demand for Mn3O4, its main raw material. Additionally, electronic-grade Mn3O4 continued to face overcapacity issues, resulting in low production enthusiasm among enterprises and a decrease in market supply.

It is expected that by May 2025, the LMO market will rebound, with increased procurement demand driving up the production of battery-grade Mn3O4. However, the oversupply situation in the electronic-grade market is unlikely to change, and its production is expected to remain stable. Overall, Mn3O4 production is expected to increase slightly MoM in May.

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