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 02 — Week of May 18, 2026
From "narrowing surplus" to "slight shortage" — SMM calls the pivot
Shanghai Metals Market formally calls the HPMSM structural pivot. Three independent data points published since Issue 01 quantify why: Benchmark's +7% 2026 demand uplift if BYD Blade 2.0 confirms LMFP, CRU's +147 kt incremental contained manganese from LMFP alone by 2030, and Eramet Comilog's −11% Q1 production print. Inside: what the producers actually said (Eramet, South32, Tshipi Q1 disclosures), the three regulatory deadlines that will reprice manganese (CBAM live, Trump-Xi expiry, FEOC tracing), and why China ex-works and DDP Europe are now decoupling.
Past Issues
Previous editions of The Manganese Signal. Subscribe below to receive each issue in your inbox the morning it ships.
~$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. Inside: freight math, the Hormuz ceasefire's impact on ocean rates, CRMA implementation updates, and the week ahead.
Subscribe to The Manganese Signal
Weekly — every Monday morning. No spam, no filler. Material battery-metals intelligence only. One click to unsubscribe.