The Dawn of EV, page-1438

EMN presentation reports typically contain a lot of useful information about the Manganese market - they are worth following for their updates.

The Feb 2022 report contained the following Market overview statement. HP Manganese has doubled from its pricing low point and is now up over 40% from 2018/2019 pre-covid pricing.


From later in EMN's report it looks like EMN's resource is about 1.2Mt with 98% of that in Measured. E25's resources/reserves at Butcherbird are a massive multiple of this, but what multiple depends on whether you use the smaller reserve classification or the larger resource classification.