Australia is the second-largest producer of manganese, and though it can be challenging to operate in the country, many miners are thriving.
South America has significant reserves of manganese, though operating in the area can present difficulties.
European and US markets are hoping that 2014 will bring with it a pick-me-up for manganese alloy prices. Meanwhile, the Ivory Coast and Brazil are making expansion plans.
Junior exploration and production company Cancana Resources (TSXV:CNY) started commercial mining at its Valdirâo manganese mine in Brazil.
Since mid-2011, steel production has seen a steady slump due to a shortfall in Chinese manganese imports and a fall in international prices. Now, however, it seems like the tide is turning and some life is being breathed back into the market.
Now that the first week of September has passed, market watchers are hopeful that business will start to pick up. Looking at manganese over the last week, the European spot market has seen light activity, recovering from some of August's weaker prices.
Manganese may not be a familiar element to many, but it stands as the fourth most used metal in the world, behind only iron, aluminum and copper.
In an exclusive interview with Manganese Investing News Jonathan Lee, Battery Technology and Materials Analyst for Byron Capital Markets, discusses manganese battery technology and the capabilities of this emerging technology.
Manganese is having a tough time keeping the market's attention recently, with prices on a steady decline in recent weeks. Weathering the storm is junior exploration company American Manganese, which recently received a patent for its manganese extraction process.
The Southern African country is currently an also-ran in the global manganese market, but that could be about to change.