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Manganese price today: live

Snapshot · Periodic reference

Manganese is priced OTC via Fastmarkets 44%/46% Mn ore assessments. No exchange-listed contract exists for direct manganese price hedging. Steel alloying (~90% of demand) is the dominant use; battery cathode demand (NMC growing to LMFP) is the growth story. South Africa, Gabon, and Australia are the top producers.

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Chart proxy: No public manganese futures. REMX ETF proxy.

Price history

Manganese price chart

VanEck REMX (manganese proxy)USD
Full chart on TradingView →
Note: No public manganese futures. REMX ETF proxy.
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Manganese mining stocks

Major producers

Source: Yahoo Finance + SEC EDGARFull screener →
#CompanyCommodity revenuePrice24h %YTD1YGeography
01
SOUHY
South32 (S32.AX)
GEMCO (Groote Eylandt, Australia) + Hotazel (Kalahari, South Africa). World's second-largest manganese producer. GEMCO was hit by Cyclone Megan March 2024 causing significant disruption. Also aluminum, coal, copper.
~25%
————Australia · South Africa
02
CMCLF
Eramet (ERA.PA)
Comilog (Gabon) mine and rail system. World's third-largest manganese ore producer. Also owns Grande Cote mineral sands (Senegal) and Norwegian ferroalloys.
~45%
————Gabon · Norway · Senegal
03
AREC
Element 25 (EAM.AX)
Butcherbird (WA, Australia) -- focus on battery-grade high-purity manganese sulfate for EV cathodes. DOE-backed; targeting US EV supply chain. Pre-revenue production ramp.
~0%
————Australia (WA, pre-revenue)
04
VALE
Jupiter Mines (JMS.AX)
Holds 49.9% of Tshipi Borwa (Kalahari, South Africa) -- one of the world's largest and lowest-cost manganese mines. Nchwaning Mines as co-shareholder. Pure-play manganese exposure. Note: replaces the erroneously listed Crayon (CRDS.OL) from the original HTML.
~95%
————South Africa (Kalahari)
05
BHP
OM Holdings (OMH.AX)
Bootu Creek (Northern Territory, Australia) + Sarawak ferroalloy smelter (Malaysia). Vertically integrated manganese ore producer and ferroalloy manufacturer. Note: replaces the placeholder ASMT ticker from the original HTML.
~85%
————Australia · Malaysia
Reddit sentiment

Producer stock buzz

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Manganese ETFs

Top funds by AUM

Source: Yahoo Finance + ETF issuer pagesAll manganese ETFs →
TickerFundStructureExpense ratioAUMYTD1Y
REMX
VanEck Rare Earth/Strategic Metals
VanEck
Miners0.53%———
BATT
Amplify Lithium & Battery Tech ETF
Amplify
Miners0.59%———
XME
SPDR S&P Metals & Mining ETF
State Street
Miners0.35%———
PICK
iShares MSCI Global Metals & Mining
BlackRock
Miners0.39%———

How manganese prices move

What’s moving this market

Structural fundamentals · Reviewed annually
Supply

South Africa, Gabon, and Australia dominate supply

South Africa ~35%, Gabon ~20%, Australia ~17%, China ~10%, Ukraine ~4%, India ~4%, other ~10%. South32's GEMCO (Groote Eylandt, Australia) is one of the world's largest and lowest-cost mines; it suffered significant disruption from Cyclone Megan in March 2024. Eramet's Comilog (Gabon) is the second-largest individual operation.

USGS · International Manganese Institute (IMnI)
Demand

Steel alloying dominates; battery demand is growing

Steel alloying (deoxidizer and strengthener) accounts for ~90% of manganese demand. Battery cathode demand (NMC, and especially LMFP which uses significant manganese) is growing from a small base (~6-8% of demand in 2025). China is both the dominant importer of ore and the dominant steel producer.

IMnI · Benchmark Mineral Intelligence
Policy and macro

Chinese steel output and cyclone disruptions are the near-term drivers

Chinese steel mill blast-furnace utilization is the dominant demand signal; when Chinese steel output falls, manganese ore demand and prices follow. Supply disruptions (GEMCO cyclone 2024, South African power issues) can spike prices sharply given the thin OTC market. Battery demand growth is the long-term secular driver.

IMnI · Fastmarkets

Key market data

Manganese fundamentals

Annual Mine Supply
~20M t ore

Annual manganese ore production (gross weight) approximately 20 million tonnes. South Africa ~35%, Gabon ~20%, Australia ~17%, China ~10%. Contained manganese units are roughly 5-6M tonnes.

USGS · IMnI
Battery Cathode Demand
~6-8%

NMC cathodes (NCM622, NCM811) use manganese. LMFP (lithium manganese iron phosphate) is a new higher-energy LFP variant using more manganese per kWh. If LMFP gains significant market share it could materially lift manganese demand.

Benchmark Mineral Intelligence
South32 + Eramet Share
~35%

South32 (GEMCO) and Eramet (Comilog) together control roughly 30-35% of global seaborne manganese ore supply, making them the most influential pricing players outside China.

Company reports
Steel Demand Share
~90%

Steel alloying consumes roughly 90% of global manganese. Approximately 7-8kg of manganese per tonne of steel produced. Chinese steel output (1,000Mt/yr) is the dominant demand driver.

IMnI · World Steel Association
Top Producer Country
South Africa

South Africa (Kalahari Manganese Field) is the world's largest manganese producer and holds the world's largest known high-grade manganese reserves. South32 and Hotazel Manganese Mines (Assore) are the dominant operators.

USGS
Price Volatility (90-day)
~25%

Moderate-high volatility driven by Chinese import demand swings and periodic supply disruptions. The thin OTC market (no exchange futures) amplifies price moves on demand surprises.

Calculated from Fastmarkets assessments
2026 price forecasts

Manganese price targets from 20 analysts

Aggregated 2026 price forecasts from major banks, research houses, and industry bodies. Range, median, and revision history — every forecast linked to its source.

Consensus range
View forecasts
See all forecasts

How to invest in manganese

Ways to gain manganese exposure

Full investing guide
ETFs

Manganese ETFs

The most accessible vehicle for retail investors. Trade like stocks, low expense ratios.

Equities

Manganese stocks

Mining and producer stocks offer 1.5-3x leverage to the underlying commodity but carry operational risk.

Futures

Manganese futures

COMEX / LME / NYMEX futures provide direct price exposure with leverage. Requires a futures-enabled brokerage account.

Frequently asked questions

Common questions, answered

The manganese ore price shown on this page is the Fastmarkets 44% Mn ore CFR China assessment, updated weekly. There is no exchange-listed manganese futures contract with meaningful volume.