Manganese, while already an important battery metal does not get the level of hype associated with lithium and cobalt. However, that is set to change as EV heavyweights like Tesla adopt manganese-based battery technologies en masse.
Companies in the manganese resource sector have already seen interest rise dramatically including Ferroglobe PLC (NASDAQ: GSM), Glencore PLC (LSE: GLEN), BHP Billiton Ltd (NYSE: BHP), and Maxtech Ventures (CSE: MVT) (OTC: MTEHF).
Traditionally, lithium and cobalt have dominated the battery industry, but manganese promises to take a front seat. The value of manganese has so far flown under the radar presenting an opportunity for investors to cash in on future potential price rises.
International miners that produce manganese are gearing up to increase production including Ferroglobe PLC (NASDAQ: …View the full post at: Tesla Adopting Manganese in New Lithium Batteries to Boost Performance, Lower Cost …