My gut feeling is that European offtake agreements for battery grade Mn are going to be possible, potentially even with terms that really assist getting into production. Car companies have seen the risk of having the majority of chip supply coming from one area. They will look to reduce this supply line risk for other car and EV battery inputs which includes battery grade Mn.
Reducing that supply line risk is going to require offtake agreements with proposed rather than in production plants that further refine Mn ore given China has almost all the processing capacity.
E25 Price at posting:
$1.23 Sentiment: Buy Disclosure: Held
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