SMM

In October 2024, China's EMD production saw a slight increase compared to the previous month and the same period last year. The ideal demand in the primary battery market prompted companies to actively boost the production of carbon-zinc and alkaline-manganese EMD, significantly increasing market supply. Although the secondary battery market also experienced some recovery, the significantly higher price of EMD compared to Mn3O4 led to low interest in producing lithium-manganese EMD, resulting in little change in the production. By November, the primary battery market is expected to stabilize, and the secondary battery market will enter the off-season, potentially leading to a decline in demand and a further slight decrease in EMD production. Overall, EMD production in November is expected to slightly decline.