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...

In April 2025, the production of LMO declined slightly MoM, but still showed a significant YoY increase. This decline was mainly due to the drop in lithium carbonate prices, which led to a concurrent decline in LMO prices and exacerbated losses...

【Announcement of New Recycling Project in Henan】Recently, the Environmental Impact Assessment Report of Henan Naliyoucai Technology Co., Ltd.'s "Annual Recycling and Purification of 6,000 Tons of Battery-Grade Lithium Carbonate Project" has been approved and announced. The project, with a total investment of 120 million yuan, is located in the Economic Development Zone of Zhongzhan District, Jiaozuo City, Henan Province. A new production workshop and warehouse will be built on the vacant land in the south of the factory area, using lithium manganate black powder as the main raw material, with an annual production capacity of 6,000 tons of battery-grade lithium carbonate.

[SMM Lithium Manganate Weekly Review: Market Trading Sentiment Improves, Lithium Manganate Prices Rise Steadily] This week, the average price of SMM lithium manganate for capacity type was 305 million yuan/ton, and the average price for power type was 333 million yuan/ton...

Keheng Stock said recently that the company entered the field of cathode materials for lithium-ion batteries in 2013 and has now formed a layout including ternary materials, lithium cobalt oxide, lithium manganate and other series of products. Its clients are mainly battery manufacturing enterprises in the fields of electric vehicles, mobile phone replacement batteries, high-end drones, as well as e-cigarettes, mobile power banks, electric tools, electric bicycles, toys, etc.