Whilst manganese is commonly associated as being reliant on steel consumption and steel market forces, this paradigm could shift over time as battery technology demand grows. With battery technology still in early stages of development, there is currently no clear winner as to which battery will obtain market dominance. Tesla currently uses two differing batteries depending on the application; Nickel Manganese Cobalt (NMC) for its energy storage product and Nickel Cobalt Aluminium Oxide (NCA) for its electric vehicles. As traditional car manufacturers enter the electric vehicle market, we have seen utilisation of Lithium Ion Manganese Oxide (LMO), which has been used by Nissan and BMW.

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