Quote : "Joining Firebird for company in the manganese market is Element 25 [E25-ASX]. Amply named after the battery metal’s position on the periodic table, Element 25, lays claim to the Butcherbird project, Australia’s largest inland manganese resource. Located in the Pilbara in WA, Butcherbird boasts a resource of 263 million tonnes. In April of this year, Element 25 released a feasibility study into a high purity manganese processing facility which would convert the manganese ore extracted at the Butcherbird project into high purity manganese sulphate required for the battery market. In addition, this facility is planned to be located in the US state of Louisiana, yielding a vast opportunity to tap into the ever-growing US EV market.The demand for battery metals and importance of manganese within this sector for use in electric vehicles (EVs) continues to grow, with manganese forming an essential element within the battery cathode industry. Top car manufacturers, having already commenced works to secure supply chains by partnering with battery metal producers, provides confidence that the growth of the battery metals inclusive of manganese is set to rise further. With an estimated 90 kg of manganese being utilized in the average electric car. Further work and investment are required to meet the soaring demand in the coming decade.
E25 Price at posting:
66.0¢ Sentiment: Buy Disclosure: Held
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