Manganese, a key ingredient for the steel market, is also seeing growth in demand from the electric vehicle battery sector, particularly when it comes to high-purity manganese chemical products.
Manganese investors are often interested to hear which countries produce the most of the metal. After all, if a nation is producing a lot of manganese, many companies are likely operating there — and investment opportunities may thus be available. However, what investors sometimes fail to consider is manganese reserves, or how much economically mineable manganese a country holds, and what companies are working to bring those reserves into production.
Manganese reserves: 600 million MT
At 600 million metric tons (MT), South Africa holds the highest manganese reserves in the world by a long shot. The nation is also the world’s top producer of the metal, with 2023 output of 7.2 million MT.
Manganese reserves: 280 million MT
The country with the next highest manganese reserves is China at 280 million MT. The Asian nation is also the fourth largest producer of manganese ore, the largest producer of refined manganese and the largest consumer of the metal. Unsurprisingly, China’s economy and government regulations have an outsized impact on the global manganese market.
Manganese reserves: 270 million MT
Brazil hosts a total of 270 million MT of manganese reserves as of 2023. The country produced 620,000 MT of the metal in 2023, making it the seventh-largest manganese-producing country.
Manganese reserves: 140 million MT
Ukraine produces much less manganese than South Africa, but its reserves of the metal are quite high — it put out 320,000 MT of manganese in 2023 and its reserves stand at 140 million MT. About one-third of its total reserves are hosted in the country’s mineral-rich Nikopol Basin, home to Europe’s largest manganese ore deposit.
Manganese reserves: 110 million MT
At 110 million MT, Australia holds the fifth highest manganese reserves in the world. The nation is also the world’s third largest producer of the metal. In 2023, Australia’s manganese output came in at 3.3 million MT.
The storm damaged critical infrastructure at the site, including a haulage bridge between the mine and processing facilities, as well as the wharf from which manganese ore is shipped. South32 is currently conducting engineering studies to determine a schedule and capital costs to make the repairs needed to restore operations at Groote Eylandt.
With total global manganese reserves sitting at 1.9 billion MT, many other countries also hold significant reserves of the battery metal. Here’s a quick look at where other nations stand:
6. Gabon — 61 million MT
7. India — 34 million MT
8. Ghana — 13 million MT
9. Kazakhstan — 5 million MT
10. Mexico — 5 million MT
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
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