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1.45% 7.0¢ euro manganese inc

There definitely not only Tesla (or Skoda) who could potentially...

  1. Pary
    757 Posts.
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    08/05/21
    16:00
    Post #: 53038472
    There definitely not only Tesla (or Skoda) who could potentially partner EMN . Surprisingly Germany based BASF will be looking for locking up Mn supplies for their battery production in 2022. Below some relevant fragments of an article in Proactive Investors:
    BASF SE aims to change the way batteries are produced to create healthier planet with focus on manganese (*.com.au)

    President of BASF’s Catalysts division, reported that two new production sites for battery cathode active materials (CAM) in Finland and Germany are expected to come on stream in 2022.

    BASF’s plans are good news for producers of high purity manganese products, who are already seeing a huge surge in projected demand.

    Clear evidence of this trend came in recent months with separate announcements by Tesla and Volkswagen indicating that they intend to include manganese-rich batteries in their future EV production.

    The latest numbers from Cairn Energy Research Advisors and CPM Group estimate that demand for high-purity manganese will be 13 times higher in 2030 compared with current usage.


    EMN Price at posting: 54.5¢ Sentiment: Buy Disclosure: Held
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