The Manganese Signal
Weekly battery-grade manganese intelligence — pricing, policy, and supply chain.
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.
This Week's Number
The single price, percentage, or policy figure that matters most this week.
Macro Lens
Geopolitics, freight, and policy — how the week's events reshape Western supply economics.
Pricing Dashboard
HPMSM, HPEMM, and Mn ore benchmarks with Fastmarkets, SMM, Argus, and CRU references.
Company & Project Scan
Moves from Euro Manganese, Giyani, Firebird, South32, and the rest of the HPMSM landscape.
Thematic Deep-Dive
Rotating topics: EU processing targets, LMFP demand curves, pCAM qualification cycles.
The Week Ahead
Catalysts and data releases that will move battery-metals markets in the next 7 days.
Issue 01 — Week of 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.
Past Issues
Previous editions of The Manganese Signal will appear here as they are published. Subscribe below to receive each issue in your inbox the morning it ships.
Archive begins Issue 02. Issue 01 above is the inaugural edition.
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