SMM

In November 2024, China's production of electrolytic manganese dioxide (EMD) saw a slight decline MoM. The primary reason for the decrease in November was the gradual stabilization of the primary battery market but a slight drop in demand for carbon-zinc and alkaline-manganese EMD, leading to reduced production plans by enterprises. The secondary battery market also struggled to see demand growth, and companies generally reduced the production of lithium-manganese EMD, resulting in a tight market supply overall. It is expected that by December, the downstream market will remain mediocre, and with the year-end approaching, companies will primarily focus on destocking, leading to more cautious production arrangements. Consequently, production is expected to decline again MoM.