The latest research report of CITIC Construction Investment points out that the supply-side reform of electrolytic manganese continues to move forward, with the double control of national energy consumption, power production and electricity price increase, and the green shutdown and upgrading of the Manganese Union is still in progress. the annual output of electrolytic manganese in 21 years is expected to be 1.24 million tons, down 17% from the same period last year, and the output is expected to remain stable for 22 years, and the gap between supply and demand drives the price of electrolytic manganese to rise continuously. The demand for new energy vehicles continues to be strong, and with the development of ternary batteries, lithium ferromanganese phosphate and sodium ion batteries, the demand for power batteries will lead to the continuous growth of manganese sulfate consumption in the future, and manganese sulfate is expected to enter the business cycle.

Under the background of carbon neutralization, the manganese industry as a high energy-consuming industry, all kinds of manganese products have declined due to the double control of electricity production, the demand side continues to release, the gap between supply and demand expands to push up the price, and it is expected that the price will remain high in the future. it is suggested to pay attention to the southern manganese industry, Xiangtan electrification, Hongxing development and so on. (Securities Times website)