China Hones Control Over Manganese
Chinese firms join a cartel-like group to tighten output in key products, spurring prices and rival projects world-wide
China produces more than 90% of the world’s manganese products, ranging from steel-strengthening additives to battery-grade compounds. Since October, dozens of Chinese manganese processors accounting for most of global capacity have joined a state-backed campaign to establish a “manganese innovation alliance,”
The squeeze sent prices soaring in metal markets world-wide.
https://www.wsj.com/articles/china-hones-control-over-manganese-a-rising-star-in-battery-metals-11621597490