About

A Structured Intelligence Format

The Manganese Signal is a weekly publication tracking the battery-grade manganese sulphate market — from spot pricing and freight dynamics to EU Critical Raw Materials Act implementation and cathode chemistry adoption.

Each issue follows a structured intelligence format: a headline number that cuts through inbox noise, macro analysis connecting geopolitics to supply-chain economics, a pricing dashboard with named third-party sources and assessment codes, a scan of company and project developments across the global HPMSM landscape, a rotating thematic deep-dive on topics like European processing targets or LMFP demand forecasting, and a forward look identifying the catalysts that will move markets in the week ahead.

The newsletter serves two audiences simultaneously — investors evaluating manganese exposure, and procurement professionals tracking supply security in a market where China controls over 90% of global refining capacity.

01

This Week's Number

The single price, percentage, or policy figure that matters most this week.

02

Macro Lens

Geopolitics, freight, and policy — how the week's events reshape Western supply economics.

03

Pricing Dashboard

HPMSM, HPEMM, and Mn ore benchmarks with Fastmarkets, SMM, Argus, and CRU references.

04

Company & Project Scan

Moves from Euro Manganese, Giyani, Firebird, South32, and the rest of the HPMSM landscape.

05

Thematic Deep-Dive

Rotating topics: EU processing targets, LMFP demand curves, pCAM qualification cycles.

06

The Week Ahead

Catalysts and data releases that will move battery-metals markets in the next 7 days.

Latest Issue

Issue 01 — Week of April 14, 2026

Issue 01 April 14, 2026

~$2,500/t DDP Europe — The Price That Actually Matters

European-delivered HPMSM holds near incentive price as China ex-works hits June 2022 highs. Fastmarkets' March BRM update confirmed mainland China prices at 5,900–6,200 CNY/t — the highest since June 2022. The persistence of the rally, post-Lunar New Year, is the signal. Inside: freight math, the Hormuz ceasefire's impact on ocean rates, CRMA implementation updates, and the week ahead.

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Archive begins Issue 02. Issue 01 above is the inaugural edition.

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