[SMM Analysis] The market enters the traditional off-season, with a slight decline in manganese dioxide production in June

In June 2025, the production of EMD dropped slightly MoM.

Among this, the production of carbon-zinc and alkaline-manganese dioxide contracted slightly, primarily due to the off-season in June, with fewer new orders. Most enterprises only maintained their original procurement volumes. Coupled with a slight drop in prices, enterprises' production schedules were affected and reduced. The production cuts for lithium-manganese dioxide were particularly pronounced, mainly due to fierce competition in the downstream LMO market. Most enterprises switched to using the more cost-effective Mn3O4, leading to a decrease in demand for manganese dioxide and a reduction in enterprises' production enthusiasm.

It is expected that by July 2025, the primary battery market may recover, driving an increase in the production schedules for carbon-zinc and alkaline-manganese dioxide. Therefore, the total production of manganese dioxide is expected to show an upward trend in July.