The global manganese industry witnessed stable pricing trends in the second quarter of 2025, supported by steady industrial demand and consistent supply inflows. According to IMARC Group’s latest publication, Manganese Price Index, Forecast Data Report 2025 Edition, which provides updated insights for Q2 2025, the market dynamics were shaped by developments in the steel and battery sectors, global mining trends, and import flows. The overall pricing reflected a balanced market environment in key regions such as North America, Asia Pacific, and Europe.
To access real-time prices Request Sample
The current manganese prices reflect the material’s critical role in high-performance industries such as steelmaking and battery production, with sustained demand and stable supply chains contributing to a stable to rising global price trend.
USA
Manganese prices in the USA reached USD 1,180/MT in June 2025, supported by strong demand from the steel and battery sectors. Adequate imports from South Africa and Gabon helped maintain balance despite minor logistics challenges.
China
In China, manganese prices stood at USD 850/MT in Q2 2025, with competitive trends influenced by high inventory levels and fluctuating steel production. Stable ore imports from Africa and reduced export demand from Southeast Asia further restrained volatility.
Germany
Germany's manganese prices reached USD 1,210/MT in June 2025, driven by stable demand from the automotive and steel sectors. Moreover, rising energy costs were offset by global oversupply and supply chain diversification measures.
Japan
Manganese prices in Japan stood at USD 980/MT in Q2 2025, reflecting consistent demand from specialty steel producers and battery manufacturers. Long-term supply contracts ensured stability despite global mining fluctuations.
Brazil
Brazil's manganese prices reached USD 1,108/MT in June 2025, with ample domestic production and subdued export demand keeping costs under pressure. Minor inland logistics constraints did not disrupt the overall soft pricing environment.
France
Manganese prices in France stood at USD 1,320/MT in Q2 2025, sustained by demand from the steel sector. Imports from Africa and South America ensured adequate availability, while logistics cost variations led to marginal adjustments.
Country | Q2 2025 | Q1 2025 | Q2 vs. Q1 Trends |
---|---|---|---|
USA | 1,180 USD/MT | 1,245 USD/MT | Prices declined slightly as imports stabilized and supply disruptions eased, balancing demand from steel and battery sectors |
Japan | 980 USD/MT | 1,035 USD/MT | Prices decreased modestly as long-term contracts ensured stable supply despite demand fluctuations |
Brazil | 1,108 USD/MT | 1,160 USD/MT | Prices softened due to ample mining output and subdued export activity |
France | 1,320 USD/MT | 1,290 USD/MT | Prices edged up slightly, supported by steady steel demand and logistics costs |
The global manganese market reached a volume of 20.28 Million Tons in 2024 and is projected to reach a volume of 24.4 Million Tons by 2033, expanding at a CAGR of 2.00% during 2025-2033. This steady growth highlights the material’s integral role across multiple high-performance industries, supported by its wide application in steelmaking, alloy production, and energy storage technologies. Rising global demand underscores its position as a critical raw material for both industrial and technological advancements.
The market is primarily driven by the expanding steel and automotive sectors, where manganese plays a crucial role in enhancing durability and performance. In addition, the growing adoption of batteries and energy storage systems, coupled with stable mining activities and supply chain diversification, further supports long-term demand. Increasing infrastructure investments worldwide and sustained industrialization across emerging economies are expected to reinforce market growth in the coming years.
Manganese is a vital raw material in steelmaking, accounting for most of its global consumption due to its ability to enhance strength, hardness, and toughness. Rising infrastructure development, construction activities, and automotive manufacturing worldwide are fueling steel demand, which in turn drives manganese consumption. The material’s critical role in producing durable and high-performance steel ensures its continued importance across industrial applications.
Apart from steel production, manganese demand is being reinforced by the automotive and energy storage sectors. High-strength, manganese-enriched steel is increasingly used in vehicle manufacturing to support the shift toward lightweight, fuel-efficient, and safer designs. At the same time, its growing application in lithium-ion and lithium-manganese-oxide batteries highlights its significance in electric vehicles and renewable energy storage, underscoring manganese’s central role in both traditional industries and emerging clean technologies.
IMARC’s report incorporates forecasting models that project near-term price movements based on evolving trade policies, raw material supply, and technological trends. These tools enable businesses to mitigate risk, enhance sourcing strategies, and support long-term planning.