Faradex Partners Battery Market Intelligence
■ Raw Materials
LMFP cathode adoption creates the first large-scale high-purity manganese sulphate demand outside NMC precursor synthesis as manganese content in LMFP exceeds 60 percent by molar fraction versus 10 to 20 percent in NMC
Battery Grade Manganese Sulphate Market, By Production Route, By Purity Grade, By End-Use Application, By Region
Report ID: FDX-RM-016   |   Published: Q2 2026   |   Pages: 156
Market Size 2025
USD 1.42 Bn
Base Year
Market Size 2035
USD 5.87 Bn
Forecast Year
CAGR 2026-2035
15.2%
Compound Annual
Leading Application
NMC CAM Precursor
2025
Leading Region
Asia Pacific
2025 Revenue Share
Section 01
Market Synopsis
Global Market Revenue Trajectory (USD) // 2025-2035
2025
USD 1.42 Bn
2027
USD 1.89 Bn
2029
USD 2.51 Bn
2031
USD 3.33 Bn
2033
USD 4.41 Bn
2035
USD 5.87 Bn
15.2%CAGR 2026-2035
Global Battery Grade Manganese Sulphate Market Revenue, 2025-2035 (USD Billion)
Base Year 2025 | CAGR 15.2% | Source: Faradex Partners, Company Filings
ⓘ Revenue estimates based on disclosed capacity data and primary panel calibration.

The global battery grade manganese sulphate market size was USD 1.42 Billion in 2025 and is expected to register a revenue CAGR of 15.2% during the forecast period. Market revenue growth is supported by expanding NMC cathode precursor production requiring battery-grade manganese sulphate monohydrate as the manganese input to nickel-cobalt-manganese hydroxide co-precipitation, and by the accelerating commercialisation of LMFP cathode chemistry in which manganese is the primary transition metal at 60% to 70% by molar fraction, creating a demand growth rate from LMFP that exceeds any previous single cathode chemistry transition in the manganese sulphate market. South Africa holds approximately 70% of global confirmed manganese ore reserves and is the primary ore supplier to Chinese processing facilities that account for 85% of global battery-grade manganese sulphate production capacity.

For instance, in April 2026, Euro Manganese, Canada, confirmed receipt of final construction financing for its Chvaletice Manganese Project in the Czech Republic at CZK 8.2 billion from a consortium of European development finance institutions, targeting 52,000 tonnes per year of battery-grade manganese sulphate monohydrate from recycled manganese tailings at Chvaletice, the first non-Chinese battery-grade manganese sulphate production source in Europe qualifying under EU Battery Regulation domestic content provisions. These are some of the key factors driving revenue growth of the market.

However, global manganese sulphate production capacity in China expanded from approximately 400,000 tonnes per year in 2020 to over 800,000 tonnes per year in 2025 in anticipation of LMFP demand that has not yet materialised at projected scale, creating oversupply conditions that have compressed battery-grade manganese sulphate prices from USD 0.42 per kilogram in 2022 to USD 0.28 to USD 0.36 per kilogram through 2025, insufficient to support investment returns for non-Chinese projects at European and North American production costs. These factors substantially limit battery grade manganese sulphate market growth over the forecast period.

Section 02
Segment Insights
NMC Precursor (current) and Other Revenue Share, 2025
Leading segment drives market value
Application Revenue Share, 2025
End-use distribution 2025
LMFP cathode high-purity manganese sulphate segment is expected to account for a significantly large revenue share in the global battery grade manganese sulphate market during the forecast period

Based on end-use application, the global battery grade manganese sulphate market is segmented into LMFP cathode production, NMC precursor co-precipitation, LNMO high-voltage cathode synthesis, and other battery applications. The LMFP cathode segment is expected to surpass NMC precursor as the largest end-use for battery-grade manganese sulphate before 2028 because LMFP manganese content of 60% to 70% by molar fraction is 4 to 6 times higher than NMC manganese content, meaning that each tonne of LMFP cathode active material requires 3 to 4 times more manganese sulphate input than equivalent NMC production.

The NMC precursor co-precipitation segment currently commands the largest revenue share as the established end-use, with NMC622 and NMC811 precursor production consuming approximately 180,000 to 220,000 tonnes per year of battery-grade manganese sulphate globally in 2025. Chinese precursor producers GEM Co. and Huayou Cobalt are the largest individual manganese sulphate consumers globally through their NMC hydroxide co-precipitation operations.

Revenue CAGR by Segment, 2026-2035 (%)
Growth rates by primary segmentation
ⓘ CAGR from primary panel and disclosed project data.
Section 03
Regional Insights
Revenue Share by Region, 2025 vs. 2035 Forecast (%)
Regional shift driven by gigafactory construction and policy
Raw Materials Asia Pacific — Largest Revenue Share, 2025

Based on regional analysis, the Battery Grade Manganese Sulphate Market market in Asia Pacific accounted for the largest revenue share in 2025. China is the dominant country, hosting the world's largest concentration of lithium-ion cell manufacturing capacity at producers including CATL, BYD, CALB, and EVE Energy, and the majority of upstream battery material processing for cathode active materials, electrolyte solvents, and anode graphite. China's battery supply chain depth extends from lithium carbonate and cobalt sulphate refining through separator and copper foil production to cell assembly and pack integration, giving Chinese producers a vertically integrated cost advantage over all other regional competitors. South Korea is the second-largest country by revenue in Asia Pacific, with LG Energy Solution, Samsung SDI, and SK On operating NMC cell gigafactories in Korea and at European and North American sites, with Korean producers holding the highest automotive qualification breadth for EU and US OEM programs outside China. Japan contributes through Panasonic Energy's NCA and NMC cylindrical cell production, Sumitomo Metal Mining's NCA cathode active material, and Toyo Aluminium's carbon-coated cathode current collector foil, among other speciality material suppliers whose process know-how is not replicated at equivalent scale in other regions. India is an emerging market for battery assembly and two-wheeler battery applications, with Tata Group, Ola Electric, and Reliance New Energy announced manufacturing investments that are expected to create sub-regional demand for battery materials and components through the forecast period.

Europe

The European market is expected to register rapid revenue growth over the forecast period. The EU Battery Regulation, effective from 2024 and 2026 for progressive provisions, is the primary regulatory driver reshaping European battery supply chain investment, imposing mandatory recycled content thresholds, carbon footprint disclosure, and supply chain due diligence requirements that incentivise European domestic production of battery materials, components, and recycling services. Germany is the largest European market, hosting Volkswagen Group Gigafactory Salzgitter, BMW and Mercedes-Benz cell procurement programs, BASF battery materials development at Schwarzheide, and Umicore's Hoboken recycling campus in adjacent Belgium providing European certified recycled material supply. Sweden and Finland host Northvolt's restructured gigafactory program in Skellefteå and Fortum Battery Recycling at Harjavalta respectively, providing Northern European cell production and recycling infrastructure that supplies Nordic and Baltic OEM demand. France and Spain are expanding their battery manufacturing base through Renault's Douai ElectriCity gigafactory, Stellantis's ACC joint venture in Douvrin, and AESC's Sunderland UK facility, with Airbus and Safran driving aerospace battery demand in France. The IMF-confirmed disruption to Strait of Hormuz seaborne flows in 2026 has increased European battery supply chain attention to Middle Eastern raw material route vulnerability, accelerating European investment in alternative lithium, nickel, and cobalt supply chains through Canadian and Australian critical mineral agreements.

North America

The North American market is expected to register rapid revenue growth, driven by IRA Sections 30D, 45X, and 48C incentive provisions that collectively create USD 7,500 per vehicle consumer tax credits, USD 35 per kilowatt-hour cell manufacturing production credits, and investment tax credits for gigafactory capital expenditure that have attracted over USD 80 billion of announced battery manufacturing investment since August 2022. The United States is the dominant North American market, with Tesla Gigafactory Texas 4680 cell production, GM Ultium Cells joint venture with LG Energy Solution at Ohio and Tennessee, Panasonic Energy's Kansas facility, and Samsung SDI's Indiana plant representing the largest confirmed IRA-eligible cell production investments. Canada benefits from lithium and nickel critical mineral production in Ontario and Quebec, with First Cobalt, Vale, and Glencore Sudbury operations providing IRA-eligible cobalt and nickel feedstock for US battery supply chains under the US-Canada USMCA critical minerals framework. Mexico is emerging as a battery pack assembly location for US market vehicles produced by Stellantis and General Motors at Saltillo and Ramos Arizpe facilities, with USMCA rules of origin requirements driving battery component localisation decisions across the North American automotive supply chain. The FEOC restriction effective from 2025 battery component provisions excludes Chinese, Russian, North Korean, and Iranian battery material sourcing from IRA-eligible vehicle programs, creating a structural driver for non-Chinese battery supply chain development that is the primary commercial narrative for North American battery investment through the forecast period.

Latin America

The Latin America market is expected to register moderate revenue growth from a low base, with Chile and Argentina representing the primary battery-relevant economies through their dominant positions in global lithium brine production. Chile holds the world's largest confirmed lithium reserves in the Atacama and Maricunga salars, with SQM and Albemarle producing battery-grade lithium carbonate and lithium hydroxide at production costs below USD 4 to USD 6 per kilogram that no other global lithium source can match. The March 2025 Chilean government confirmation of CODELCO state participation in 50% of incremental Atacama production represents the most significant Chilean lithium governance change since 1979, adding a government counterparty to all future Atacama lithium offtake agreements. Argentina's Lithium Triangle resource in Jujuy, Salta, and Catamarca provinces is being developed by Livent Fenix, Allkem Sal de Vida, and Sigma Lithium Grota do Cirilo, with Argentine lithium qualifying as IRA-eligible under the US-Argentina critical minerals arrangement announced in 2024. Brazil is developing its battery manufacturing base through Stellantis and GM EV assembly investments at São Paulo and Minas Gerais sites, with domestic lithium spodumene production at Sigma Lithium providing a local feedstock base for future Brazilian battery material processing investment.

Middle East and Africa

The Middle East and Africa market is expected to register limited revenue growth from a low base, with the DRC representing the region's most significant battery supply chain position through its 73% share of global cobalt mine production. The DRC's Tenke Fungurume and Katanga Mining copper-cobalt operations, operated by China Molybdenum and Glencore respectively, are the world's largest cobalt producing mines and the origin of the majority of global battery-grade cobalt supply chain. The US-Iran conflict and IMF-confirmed disruption to Strait of Hormuz seaborne flows from March 2026, affecting approximately 20% of global oil and seaborne LNG, has introduced supply route uncertainty for battery raw materials exported from Gulf region ports including cobalt hydroxide shipments from Dar es Salaam and Durban that transit the Arabian Sea shipping lanes affected by conflict-related disruption. South Africa holds 70% of global manganese ore reserves, supplying Chinese processing facilities that convert ore to battery-grade manganese sulphate for LMFP and NMC cathode precursor production, with South32 and Anglo American evaluating in-country manganese sulphate conversion to capture higher value from the manganese ore export chain. Morocco and Egypt are developing battery assembly and EV manufacturing capacity targeting European export markets under EU association agreement preferential tariff frameworks, with Renault's Tangier and Stellantis's Kenitra Morocco facilities providing the industrial base for potential battery component supply chain development.

Section 04
Indicative Price Trends
Battery Grade Manganese Sulphate Market Indicative Price Trends, Q2 2025 vs. Q2 2026
Price trajectories by product grade and specification
ⓘ Prices are indicative for commercial supply agreements. Source: Faradex Partners primary panel.
Product / GradeQ2 2025Q2 2026DirectionKey Driver
Battery-grade MnSO4 Chinese ($/kg)0.320.3▼ DecliningMarket dynamics
LMFP-spec MnSO4 ($/kg)0.420.4▼ DecliningMarket dynamics
EU Chvaletice est ($/kg 2027)0.00.68▲ RisingMarket dynamics
Manganese ore ($/dmtu)4.84.6▼ DecliningMarket dynamics
Industrial MnSO4 ($/kg)0.180.17▼ DecliningMarket dynamics
Section 05
Strategic Developments
April 2026
In April 2026, Euro Manganese, Canada, confirmed CZK 8.2 billion in construction financing for its Chvaletice Manganese Project in Czech Republic, targeting 52,000 tonnes per year of EU-produced battery-grade manganese sulphate from recycled tailings, the first non-Chinese battery-grade manganese sulphate project to confirm full construction financing.
January 2026
In January 2026, Hunan Zhongwei New Energy Technology, China, reported that its battery-grade manganese sulphate production capacity had reached 120,000 tonnes per year at its Xiangtan facility, specifically targeting the LMFP cathode market with product achieving iron impurity below 3 ppm.
October 2025
In October 2025, South32 announced a feasibility study for battery-grade manganese sulphate production at its Groote Eylandt Mining Company operation in the Northern Territory, evaluating on-site conversion of manganese ore to battery-grade sulphate rather than exporting ore to Chinese processing facilities.
July 2025
In July 2025, Eramet, France, confirmed qualification of its battery-grade manganese sulphate from its Gabon operations at a European LMFP cathode active material producer, representing the first manganese sulphate from an African producer qualified in a European LMFP cathode supply chain outside Chinese processing.
March 2025
In March 2025, the US Geological Survey confirmed manganese as a critical mineral under the Energy Act of 2020 review, designating battery-grade manganese sulphate processing as a national security priority and authorising USD 180 million in Defence Production Act Title III funding for domestic or allied-nation processing investment.
November 2024
In November 2024, CNGR Advanced Material, China, disclosed commencement of LMFP cathode active material production using battery-grade manganese sulphate from its integrated Guizhou facility, achieving cathode-level manganese sulphate iron impurity specifications below 2 ppm.
Section 06
Competitive Landscape
Competitive Positioning: Market Scale vs. Customer Qualification Breadth
Bubble size represents estimated number of confirmed OEM/Tier1 qualifications
ⓘ Faradex qualitative indices. Source: Faradex Partners Q2 2026.
Hunan Zhongwei New Energy Technology
CHINA // LMFP-Specification Battery-Grade MnSO4 // 120,000 tpa Xiangtan, below 3 ppm iron
Hunan Zhongwei is the most technically advanced Chinese battery-grade manganese sulphate producer for LMFP applications, with its 120,000 tonnes per year Xiangtan facility achieving iron impurity specifications below 3 ppm meeting LMFP cathode precursor requirements rather than the 5 ppm standard adequate for NMC. Its competitive advantage is the integration of ore leaching, purification, and crystallisation in a continuous process optimised for the lower iron tolerance of LMFP synthesis, positioning it as the preferred LMFP manganese sulphate supplier to CATL and BYD cathode material programs.
CompanyCountrySpecialisationPosition / ScaleFaradex Assessment
Hunan ZhongweiChinaLMFP-grade MnSO4120,000 tpa, below 3 ppm FeHIGH
Euro ManganeseCanada / Czech RepublicEU-produced battery-grade52,000 tpa Chvaletice financing confirmedHIGH
ErametFrance / GabonAfrican ore to EU sulphateEU LMFP cathode qualifiedMEDIUM-HIGH
GEM Co.ChinaNMC precursor MnSO4Integrated precursor producerMEDIUM
Huayou CobaltChinaNMC precursor MnSO4Integrated precursor supplierMEDIUM
South32 / GEMCOAustraliaOre to sulphate feasibilityIRA-eligible development programMEDIUM
Guizhou RedstarChinaMnSO4 standard battery gradeDomestic supplyLOWER
Element 25AustraliaMn ore to sulphate developmentWestern Australian mineLOWER
Hunan Zhongwei Euro Manganese Eramet GEM Co. Huayou Cobalt South32 Guizhou Redstar Element 25 CNGR Advanced Material Tosoh Corporation
Section 07
Analyst Reviews
MK
Markus Kellner
Senior Analyst, Cell Chemistry & Gigafactory Economics // Faradex Partners
"The iron impurity specification for LMFP manganese sulphate is the critical differentiator between NMC-grade and LMFP-grade battery manganese sulphate. LMFP requires below 3 ppm iron because iron substitution into LMFP olivine lattice sites creates localised voltage fade and capacity loss that does not occur in NMC layered oxide at equivalent iron contamination. Most Chinese manganese sulphate producers optimise for below 5 ppm adequate for NMC. The 3 ppm LMFP specification requires an additional purification step adding 15% to 20% to production cost. Hunan Zhongwei has invested in that step. Most competitors have not."
Faradex Partners Primary Panel, Battery-Grade Manganese Sulphate, Q2 2026
Faradex View
South32's Groote Eylandt feasibility study for on-site battery-grade sulphate conversion is strategically important because GEMCO produces the highest-grade manganese ore in the world at 48% to 52% manganese content. Converting that ore to battery-grade sulphate in Australia rather than exporting to Chinese processors would create the first large-scale non-Chinese battery-grade manganese sulphate production outside Europe, qualifying for IRA FEOC-compliant supply to US LMFP cathode programs.
SV
Shreya Venkat
Senior Analyst, Advanced Materials & Battery Recycling // Faradex Partners
"The LMFP manganese demand acceleration is the most underappreciated supply chain development in the battery materials market. Every analyst tracks lithium, cobalt, and nickel. Manganese is treated as an abundant commodity. But battery-grade manganese sulphate at below 3 ppm iron is not a commodity. It requires multi-stage hydrometallurgical purification that 85% of global manganese ore production cannot supply without Chinese processing infrastructure. When LMFP displaces NMC in 20% to 30% of EV platforms, the battery-grade manganese sulphate demand increase is 3 to 4 times larger than the NMC manganese content it is replacing."
Faradex Partners Primary Panel, LMFP Supply Chain, Q1 2026
Faradex View
Euro Manganese's Chvaletice project using recycled manganese tailings is commercially interesting precisely because it does not need a new mine. The Chvaletice site in Czech Republic has historical mining tailings containing 7% to 9% manganese content that can be leached and purified to battery grade without the permitting timeline of a new mining operation. That is a 3 to 4 year project timeline to first production rather than 8 to 12 years for a greenfield mine. For European gigafactory supply chain planners who need non-Chinese manganese sulphate before 2030, Chvaletice is the only credible option on current project timelines.
Section 08
Key Questions Answered
  • 01What is the global battery grade manganese sulphate market size in 2025 and what CAGR is expected during 2026-2035?
  • 02How does LMFP cathode manganese content of 60% to 70% by molar fraction compare with NMC and what does this imply for manganese sulphate demand per tonne of cathode?
  • 03What iron impurity specification does LMFP cathode production require and how does this differ from NMC-grade specification?
  • 04What construction financing has Euro Manganese confirmed for Chvaletice and what volume of EU-produced battery-grade manganese sulphate does it target?
  • 05How has battery-grade manganese sulphate price declined from USD 0.42 per kilogram in 2022 and what Chinese capacity expansion drove the compression?
  • 06Why does Eramet's Gabon manganese qualification at a European LMFP cathode producer matter for African manganese supply chain development?
  • 07What DOE Defence Production Act Title III funding has been authorised for US battery-grade manganese processing investment?
  • 08How does Hunan Zhongwei achieve the below 3 ppm iron specification required for LMFP cathode precursor synthesis?
  • 09At what LMFP market share in global EV battery production does battery-grade manganese sulphate demand from LMFP exceed NMC precursor demand?
  • 10What advantage does South32 Groote Eylandt ore grade provide for on-site battery-grade sulphate conversion economics?
Section 09
Table of Contents
01. Market Synopsis p.12
02. Industry Trends p.26
03. Restraints p.38
04. Primary Segment p.50
05. Secondary Segment p.62
06. Application Segment p.74
07. Regional Insights p.84
08. Price Trends p.112
09. Strategic Developments p.118
10. Competitive Landscape p.128
11. Profiles p.138
12. Analyst Reviews p.148
13. Key Questions p.151
14. Scope p.159
Section 10
Scope of Research

This report covers the global battery grade manganese sulphate market across all major segments and geographic regions. Primary research combines panel conversations with industry experts and is cross-referenced against company annual reports and government agency data. All market size figures use 2025 as the base year with a 2026-2035 forecast period.

FDX-RM-016  // Q2 2026
Battery Grade Manganese Sulphate Market
156 pages  |  PDF + Excel
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Report Scope
Base Year: 2025
Forecast: 2026-2035
Pages: 156
4 segmentation bases
5 regions
10+ companies profiled
7 charts
PDF + Excel delivery
No syndicated sources
Table of Contents
01. Market Synopsis p.12
02. Industry Trends p.26
03. Restraints p.38
04. Primary Segment p.50
05. Secondary Segment p.62
06. Application Segment p.74
07. Regional Insights p.84
08. Price Trends p.112
09. Strategic Developments p.118
10. Competitive Landscape p.128
11. Profiles p.138
12. Analyst Reviews p.148
13. Key Questions p.151
14. Scope p.159