For the Quarter Ending December 2025
Manganese Dioxide Prices in North America
- In the United States, Manganese Dioxide prices rose in Q4 2025, driven by strengthening production costs and robust industrial activity.
- Manganese Dioxide production costs increased in Q4 2025, influenced by a 3.0% year-over-year PPI rise in November 2025.
- Sulfur feedstock costs surged in December 2025, and industrial electricity costs strengthened in November 2025.
- Manganese Dioxide demand was mixed in Q4 2025, with declining EV sales but strengthened overall manganese ore demand.
- Industrial production expanded by 2.0% year-over-year in December 2025, supporting Manganese Dioxide demand.
- Retail sales increased by 3.3% year-over-year in November 2025, boosting Manganese Dioxide demand for consumer batteries.
- Sulfuric acid inventories tightened at US Gulf Coast ports in December 2025, contributing to supply constraints.
- A 2.7% year-over-year CPI increase in December 2025 indicated general inflation, raising operational costs.
Why did the price of Manganese Dioxide change in December 2025 in North America?
- Rising production costs, including a 3.0% year-over-year PPI increase in November 2025, impacted prices.
- Sulfur feedstock costs surged in December 2025, and industrial electricity costs strengthened in November 2025.
- Industrial production rose 2.0% year-over-year in December 2025, supporting demand despite declining EV sales.
Manganese Dioxide Prices in Europe
- In Germany, the Manganese Dioxide Price Index fell in Q4 2025, driven by contracting manufacturing activity in December.
- Manganese Dioxide production costs faced upward pressure in December 2025 due to a 1.8% year-on-year CPI increase.
- Demand for Manganese Dioxide was bearish in December 2025, as consumer confidence declined significantly to -17.5.
- Industrial demand for Manganese Dioxide faced headwinds in December 2025, with producer prices declining 2.5% year-on-year.
- Manufacturing activity, a key demand driver, was contracting in Germany during December 2025.
- Energy costs for Manganese Dioxide producers remained stable in Q4 2025 due to extended regulated tariffs.
- Modest 1.1% retail sales growth in November 2025 provided limited support for Manganese Dioxide demand.
- A 6.2% unemployment rate in December 2025 reduced consumer purchasing power, impacting Manganese Dioxide end-use.
- Industrial production grew modestly by 0.8% year-on-year in October 2025, offering slight upward demand pressure.
- In Spain, the Manganese Dioxide Price in December 2025 stood at 320 USD/MT FOB.
Why did the price of Manganese Dioxide change in December 2025 in Europe?
- Producer prices declined 2.5% year-on-year in December 2025, reflecting weakening industrial pricing.
- Manufacturing activity contracted in December 2025, leading to reduced raw material demand.
- Consumer confidence fell to -17.5 in December 2025, dampening consumer goods demand.
Manganese Dioxide Prices in APAC
- In China, the Manganese Dioxide Price Index fell in Q4 2025, influenced by a Producer Price Index decline of -1.9% in December 2025.
- Manganese Dioxide production costs rose in Q4 2025 due to higher manganese ore prices since mid-2025 and increased electricity costs.
- Manganese Dioxide demand was supported by expanding New Energy Vehicle shipments and strong automotive production in Q4 2025.
- Overall industrial demand for Manganese Dioxide increased as Industrial Production grew by 5.2% in December 2025.
- Weak consumer spending, with retail sales growing only 0.9% in December 2025, subdued end-use Manganese Dioxide demand.
- China's Manufacturing Index expanded in December 2025, indicating broader industrial sector growth for raw materials.
- The Manganese Dioxide price trend in Q4 2025 reflected a balance between rising input costs and subdued end-user demand.
- Manganese ore imports into China increased in October 2025, while exports decreased between October and November 2025.
Why did the price of Manganese Dioxide change in December 2025 in APAC?
- A negative Producer Price Index of -1.9% in December 2025 indicated deflationary pressure on prices.
- Weak consumer demand, with CPI at 0.8% and retail sales at 0.9% in December 2025, subdued end-use demand.
- Rising manganese ore prices since mid-2025 increased production costs, creating upward pressure on prices.
For the Quarter Ending September 2025
Manganese Dioxide Prices in North America
- In United States, the Manganese Dioxide Price Index rose quarter-over-quarter in Q3 2025, driven by inflationary pressures.
- Manganese Dioxide production costs increased from a 2.6% year-over-year PPI rise in August 2025 and higher industrial electricity.
- Demand was bolstered by a 5.42% year-over-year retail sales increase in September 2025, supporting consumer goods.
- Electric vehicle sales surged in Q3 2025, significantly boosting Manganese Dioxide demand for battery applications.
- Global manganese ore production declined year-over-year in Q3 2025, tightening regional supply.
- The Manganese Dioxide Price Index faced upward pressure from a 3.0% year-over-year CPI increase in September 2025.
- Industrial production grew slowly at 0.1% year-over-year in September 2025, moderating overall industrial demand.
- Manganese Dioxide price forecast suggests continued upward pressure from sustained inflation and raw material availability.
Why did the price of Manganese Dioxide change in September 2025 in North America?
- Rising input costs, with a 2.6% year-over-year PPI increase in August 2025, pushed Manganese Dioxide prices higher.
- Tightening regional manganese ore supply in Q3 2025, coupled with declining global production, supported price increases.
- Strong demand from surging electric vehicle sales in Q3 2025 contributed to upward pressure on Manganese Dioxide prices.
Manganese Dioxide Prices in Europe
- In Germany, the Manganese Dioxide Price Index fell quarter-over-quarter in Q3 2025, due to contracting industrial production.
- Manganese Dioxide prices are forecast to remain pressured by persistent weakness in industrial activity and demand.
- Production costs faced upward pressure from a 2.4% CPI increase in September 2025, indicating rising general costs.
- However, producer prices decreased by 1.7% in September 2025, mainly due to lower energy costs.
- Manganese Dioxide demand contracted in Q3 2025 as Germany's Manufacturing Index showed a contracting trend.
- Industrial production declined by 1.0% in September 2025, directly reducing Manganese Dioxide demand in industrial applications.
- Retail sales increased by 0.2% in September 2025, offering slight support for consumer battery sector demand.
- Demand from the German automotive sector significantly weakened in Q3 2025, impacting Manganese Dioxide consumption.
- European natural gas prices softened year-on-year in Q3 2025, yet remained elevated, influencing production costs.
Why did the price of Manganese Dioxide change in September 2025 in Europe?
- Contracting Manufacturing Index in Q3 2025 and a 1.0% decline in industrial production reduced demand.
- Producer prices decreased by 1.7% in September 2025, driven by lower energy costs.
- Weakened demand from the German automotive sector in Q3 2025 contributed to price pressure.
Manganese Dioxide Prices in APAC
- In China, the Manganese Dioxide Price Index rose quarter-over-quarter in Q3 2025, driven by increasing manganese ore costs.
- Production costs for Manganese Dioxide increased due to consistent growth in manganese ore prices in July 2025.
- Demand for Manganese Dioxide was supported by a surge in China's power battery output during Q3 2025.
- Industrial Production expanded by 6.5% in September 2025, indicating increased demand for raw materials.
- Retail sales increased by 3.0% in September 2025, bolstering consumer electronics and battery-related demand.
- The Manufacturing Index contracted in September 2025, suggesting reduced industrial activity and demand pressure.
- Chinese port manganese ore inventories inched up from June to September 2025, influencing supply dynamics.
- Natural gas prices fell in Q3 2025, offering some relief to Manganese Dioxide production costs.
- China's CPI decreased by 0.3% and PPI declined by 2.3% year-on-year in September 2025, indicating deflationary pressures.
Why did the price of Manganese Dioxide change in September 2025 in APAC?
- Manganese ore prices consistently grew in July 2025, with South32 lifting September shipment prices, increasing costs.
- Industrial Production expanded by 6.5% in September 2025, boosting overall demand for Manganese Dioxide.
- The Manufacturing Index contracted in September 2025, alongside a 2.3% PPI decline, indicating weaker industrial demand.
