This week, China’s domestic manganese-based battery materials market has shown a differentiated operation trend. The price of battery-grade manganese tetroxide has slightly declined, the price of electrolytic manganese dioxide has slightly increased, and lithium manganate has maintained a weak balance of supply and demand.

During the 2026 Spring Festival holiday, China’s manganese tetroxide market maintained a weak tone, characterized by sluggish trading, stable prices, and stalemated supply and demand. On the cost side, electrolytic manganese prices bottomed out at low levels with limited upward momentum. On the demand side, lithium manganate producers had completed pre-holiday restocking and focused on inventory digestion.

【100,000-ton LFP Project Nears Operational Launch】 The industrial park project will be implemented in two phases, featuring multiple advanced cathode material production lines, including: 100,000-ton lithium manganate (LMO) cathode material lines 40,000-ton ternary (NCM/NCA) cathode material lines 10,000-ton lithium cobalt oxide (LCO) cathode material lines A 100,000-ton LFP cathode material production line (soon to commence operations)

【SMM Analysis】Recycling Industry Events This Week (Jun. 9-13): This week's recycling industry events.

In May 2025, the production of electrolytic manganese dioxide (EMD) increased compared to the previous month and also achieved a certain increase YoY. This was mainly due to the steady growth in demand from the downstream primary battery market and the good performance of enterprises' production status. Among them, the production of carbon-zinc and alkaline-manganese dioxide both increased slightly...

In May 2025, the production of LMO increased both MoM and YoY. Supply side, the production plans of most LMO enterprises were relatively stable, although some small enterprises lacking cost advantages experienced production cuts...