Most second-quarter orders in the domestic EV market have been signed sequentially. While some manufacturers saw modest upward adjustments in payables, overall market changes remained limited.
Apr 2, 2026 13:57This week, ternary cathode precursor prices rose somewhat. Today, nickel sulphate prices edged down slightly, cobalt sulphate prices held steady, and manganese sulphate prices increased slightly. Discounts, for April and Q2 orders, some producers were willing to raise discounts due to large fluctuations in raw material prices. Long-term contracts, some producers recently finalized long-term contracts; some producers saw slight increases in nickel and cobalt discounts, while some producers may still have some room for negotiation on processing fees. However, as downstream demand for high-priced raw materials remained weak, upside room is expected to be limited. Spot orders, the Ni-Co-Mn coefficient for March spot orders had already moved higher, and with current downstream procurement sentiment weak, further upside room is expected to be limited. Production, as China entered the off-season for demand this month, some enterprises saw their production schedules pull back. The export tax rebate deadline had passed, and production intensity at some enterprises related to the rush to export also declined. Looking ahead, cost support for sulphates remained relatively strong, but downstream acceptance of prices will depend on Q2 downstream demand.
Apr 2, 2026 13:35【SMM Steel】Salzgitter's SZMF launched Project KLASSE to recover strategic metals like vanadium and manganese from steel slag. Combining "cold" processing with direct reduction, the process uses far less energy than conventional methods. Remaining mineral fractions will be used for high-quality construction. The three-year project aims to cut import dependence and turn slag into a sustainable resource.
Apr 1, 2026 16:21On March 30, Beijing Easpring Material Technology Co., Ltd. released its 2025 annual report. During the reporting period, the company achieved operating revenue of 103.742 billion yuan, a year-on-year increase of 36.63%; net profit attributable to shareholders of the listed company was 6.323 billion yuan, a year-on-year increase of 34.02%. Its high-nickel multi-element materials for all-solid-state batteries can meet the demand for battery energy densities exceeding 400Wh/kg, while its lithium-rich manganese-based materials can meet the demand for 500Wh/kg batteries. Related products have achieved batch supply at levels exceeding 20 tons, and its solid-state electrolyte products have entered the batch verification stage with leading customers.
Apr 1, 2026 14:06SMM Morning Meeting Summary: Overnight, LME copper opened at $12,216/mt and dipped to $12,181.5/mt in early trading. Copper prices then fluctuated upward in center and, near the close, touched a high of $12,420/mt, finally closing at $12,382.5/mt, up 1.64%. Trading volume reached 18,800 lots, and open interest stood at 298,900 lots, an increase of 3,875 lots from the previous trading day. Overnight, the most-traded SHFE copper 2605 contract opened at 95,730 yuan/mt and fluctuated rangebound in early trading, hitting a low of 95,550 yuan/mt. It then fluctuated upward all the way to a high of 96,780 yuan/mt, finally closing at 96,760 yuan/mt, up 1.26%. Trading volume reached 56,200 lots, and open interest stood at 186,300 lots, an increase of 598 lots from the previous trading day, mainly driven by increased long positions.
Apr 1, 2026 09:17Recently, China's manganese-based battery materials market has been characterized by cost-driven divergence and gradual demand recovery. Battery-grade manganese sulfate and trimanganese tetroxide have strengthened on the back of rising raw material and freight costs; electrolytic manganese dioxide remains stable; and lithium manganate is steady amid volatile lithium carbonate prices, awaiting a demand rebound in April.
Mar 31, 2026 19:33Dear Industry Peers, Imported manganese ore is a key raw material for manufacturing products such as silicomanganese alloy and ferromanganese alloy, with high-quality manganese ore being particularly favored by the market. Australian manganese ore is a mainstream and high-frequency oxide ore globally, serving as an important reference standard for global manganese ore pricing, and its price fluctuations directly impact the cost chain of global manganese-based alloys. Tianjin Port and Qinzhou Port are the main unloading ports for imported manganese ore in China. Equipped with complete storage facilities, these two ports feature high single-vessel unloading efficiency and large manganese ore reserve capacity. The formed complementary pattern of "Tianjin in the north and Qinzhou in the south" has enhanced China's bargaining power in global manganese ore trade. Prices at Tianjin Port (north) and Qinzhou Port (south) serve as benchmarks for global manganese ore pricing, which are referenced by both domestic and foreign ore merchants. To actively respond to market changes, meet the urgent demand of users for understanding the prices of Australian Mn42% manganese ore at Tianjin Port and Qinzhou Port, and improve the transparency of market information, SMM has decided: Commencing December 31, 2025, SMM will officially launch two new price: SMM Mn Ore, Australia Block 42%, In-whs-Tianjin Port, Yuan/ton-degree SMM Mn Ore, Australia Block 42%, In-whs-Qinzhou Port, Yuan/ton-degree Details of this price point are as follows: Description: SMM Mn Ore, Australia Block 42%, In-whs-Tianjin Port, Yuan/ton-degree Quality: Mn 42% Quantity: Min 100 tonnes Definition: EX-warehouse-Tianjin Port Brand Listing: South 32,etc Timing: Prompt Unit: Yuan/ton-degree Payment Terms: Cash on same day, other payment terms normalized Pulication: Daily, by 11am Beijing Time (i.e., before 4:00 AM London Summer Time before 3:00 AM London Winter Time) Description: SMM Mn Ore, Australia Block 42%, In-whs-Qinzhou Port, Yuan/ton-degree Quality: Mn 42% Quantity: Min 100 tonnes Definition: EX-warehouse-Qinzhou Port Brand Listing: South 32,etc Timing: Prompt Unit: Yuan/ton-degree Payment Terms: Cash on same day, other payment terms normalized Pulication: Daily, by 11am Beijing Time (i.e., before 4:00 AM London Summer Time before 3:00 AM London Winter Time) SMM Nickel Industry Research Department December 26, 2025
PriceDec 26, 2025 11:19Dear Industry Peers, Hello! Electrolytic manganese metal (EMM) is a key raw material for manufacturing products such as stainless steel, specialty alloys, and battery materials. Europe, as a major global hub for stainless steel production, high-end manufacturing, and the new energy industry, is also one of the core consumer markets for EMM. Its price dynamics significantly influence the global market structure and pricing. Based on Rotterdam’s status as Europe’s largest port, which aggregates raw materials from major production regions worldwide and facilitates the circulation of spot cargo within the region, it has developed a mature storage, logistics, and trading network. The prices there accurately reflect the arrival costs in the European market, the supply-demand balance, and regional premiums, providing market participants with a critical benchmark for price reference. To proactively address market shifts, meet the pressing need for price discovery of Rotterdam warehouse electrolytic manganese metal, and enhance market transparency, SMM has decided: Commencing December 23, 2025, SMM will officially launch a new price: SMM Electrolytic Manganese Metal, in-whs Rotterdam, USD/mt Details of this price point are as follows: Description:SMM Electrolytic Manganese Metal, in-whs Rotterdam, USD/mt Quality:Mn99.7% Quantity:Minimum 25 tonnes Definition: In-warehouse Rotterdam,duty-unpaid, customs uncleared Brand Listing:Tianyuan Manganese Industry, CITIC Dameng, Wuling Manganese Industry,etc Timing:1Months Unit:USD/mt Payment Terms:Cash, other payment terms normalized Pulication:Daily, by 11am Beijing Time (i.e., before 4:00 AM London Summer Time before 3:00 AM London Winter Time) SMM Nickel Industry Research Departmen December 16, 2025
PriceDec 16, 2025 16:06Dear Users: Hello! To better leverage the role of spot prices in the manganese industry as a benchmark and assist the market in optimizing its order signing mechanism, SMM, after a period of accumulation and market surveys, intends to advance the release time of spot prices for EMM (Guangxi), EMM (Hunan), EMM (Guizhou), EMM (bagged, Shanghai), EMM (barreled, Shanghai), EMM (main producing areas), EMM (Tianjin Port), EMM (Huangpu Port), and EMM FOB prices to 10:30 AM each working day, starting from August 5, 2025. This announcement is hereby made. Manganese Research Team, SMM August 4, 2025
PriceAug 4, 2025 16:57
