Australia Manganese Market Report and Forecast 2024-2032

Australia Manganese Market Outlook 

The Australia manganese market size is projected to grow at a CAGR of 4.3% between 2024 and 2032.

Key Takeaways 

• Australia’s manganese ore resources are substantial. As of 2021, the estimated Ore Reserves stand at 108 million tonnes, while the Measured and Indicated Mineral Resources amount to 209 million tonnes.

• Australia is a significant manganese producer, contributing around 3 million tonnes annually.

• As per industry reports, the country holds 14% of the global manganese production and manganese exports by Australia bring about AUD 1 billion of revenue each year.

• Two of the most significant manganese mines in Australia are Woodie Woodie project in Western Australia and Groote Eylandt and Bootu Creek projects in the Northern Territory.

The increasing demand for high and low-carbon ferromanganese in manufacturing processes drives Australia manganese market growth. Additionally, the growth in the automobile industry, particularly advancements in lightweight vehicle (EVs) manufacturing, surges the demand for steel, a key driver for manganese market revenue.

Moreover, strategic initiatives by major market players, such as investments in research and development (R&D) and product development, are pivotal in boosting market demand and propelling growth in the manganese industry in Australia. For instance, companies like Assmang, BHP, Eramet, Vale, and Tata Steel are actively investing in innovative technologies and new product formulations to meet evolving consumer needs and stay competitive in the market.

Innovations in manganese products, such as electrolyte manganese metal and electrolyte manganese dioxide, are key trends shaping the Australia manganese market development. These advancements cater to the growing demand for battery materials, especially in the energy storage sector.

Additionally, manganese is a crucial element in steel manufacturing, where it is used as a deoxidiser and desulfuriser to improve the quality and properties of steel. The steel industry in Australia heavily relies on manganese for producing high-quality steel products. As the construction and automotive industries grow, the demand for steel rises, boosting the need for manganese and its alloys in Australia's market.

The chemical industry in Australia also uses manganese as an oxidising agent in various manufacturing processes, particularly in the production of potassium permanganate and other manganese compounds.

Among other applications, manganese compounds are used as colouring agents in ceramics, glass, and paints due to their ability to produce vibrant colours is prevalent in the ceramics and glass industries in Australia. Manganese is also used in the production of polarizers for LCD screens and the electronics industry in Australia relies on manganese as a polarizer material for manufacturing advanced optical components.

Market Segmentation  

Australia Manganese Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type  

• Medium and Low Carbon Ferromanganese

• High Carbon Ferromanganese

• Silicomanganese 

• Refined Ferromanganese  

• Electrolytic Manganese Metals 

• Electrolytic Manganese Dioxide 

• Refined Ferromanganese  

Market Breakup by Application 

• Steel Manufacturing 

• Welding Accessories  

• Foundry 

• Oxidising Agent 

• Colouring Agent 

• Alloying Additive 

• Polariser

• Others

Market Breakup by End Use 

• Construction 

• Power Storage and Electricity 

• Industrial 

• Others 

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Western Australia

• Australian Capital Territory

• Others

Competitive Landscape

Market players are investing in R&D and product development to meet evolving consumer needs for sustainable manganese supply.

• Element 25 Limited  

• Firebirds Metal Limited    

• Consolidated Minerals Pty Ltd.     

• Accelerate Resources Limited  

• Jupiter Mines Limited    

• Black Canyon Limited    

• Gulf Manganese Corporation Limited    

• South32 Limited  

• Others

Key Highlights of the Report