Why Is The Manganese Market Experiencing A Growth In India?

According to reports from reliable organizations, India is witnessing a growth in demand for manganese, EMD (electrolytic manganese dioxide) and EMM (electrolytic manganese metal). Multiple factors have led to the growth in the manganese market in India. Find out about the top reasons behind this growth.

Rise in the Number of Electric Cars

With more stress being laid in green energy or eco-friendly energy, electric cars are experiencing a huge growth. EMM and EMD are being used increasingly in making Lithium ion batteries which are the source of power in electric cars as well as other eco-friendly applications. The eco friendly energy sector has witnessed many renovations recently, and there is high demand for EMD and EMM. With the rechargeable battery market projected to be a 50 USD billion industry within the next few years, the growth in demand for high quality manganese is easily understandable.

Demand from the Steel Industry

EMM and EMD are two extremely refined versions of manganese metal. It is also being found that the steel industry needs EMD and EMM in large amounts for production and purification purposes. It is expected that the demand for these manganese metal versions will rise in the months and years to come. The aim is to achieve less impurities and cleaner products, which can ensure more purity as well as reduce production time and costs.

Although crude steel production has slowed down across the globe, mainly due to demand for manganese alloys, India is already producing more of manganese and is expected to be a global leader in the production and supply of the metal in the coming times. Domestic steel production has increased and large volumes of manganese are being used across Indian steel factories, as well as exported to overseas nations, such as Europe and the US.

Demand from the Mining Industry

Other than the automotive sector, the steel industry and the green energy sector, EMD and EMM are also witnessing a massive demand in the mining industry in India. Recent research indicates that there is huge potential for growth in the manganese market due to a higher demand from mines across the country as well as from other nations of the globe. With new projects expected to begin over the next few years in Asia, there would be a growth in supply of manganese. Mining organizations are trying to directly negotiate with manufacturers and suppliers of this metal.