For the Quarter Ending September 2025
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.
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.
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.
