Demand for manganese is expected to rise – Martin Kepman CEO of Manganese X Energy Corp – – Press Release

02/12/2022, New York, NY // KISS PR Brand Story PressWire //

The demand for manganese is explained by Manganese X Energy Corp's CEO, who adds that 13+ Gigafactories will open in the United States.

The Gigafactories are intended to increase the availability of electric vehicles in the United States. The opening of 13 new gigfactories across the United States over the next five years, according to the Department of Energy, marks the start of a new era for battery manufacturing.

"In addition to electric vehicle battery plants that are already in operation in the United States, 13 additional plants have been announced and are expected to be operational within the next 5 years. Of the 13 plants that are planned, eight are joint ventures between automakers and battery manufacturers. Many of these new plants will be located in the Southeast or Midwest."

Finally, as the electric vehicle (EV) market continues to grow in popularity, battery EV manufacturers will expand and invest more in battery production facilities throughout the world. Tesla's gigafactory in Austin, Texas, which is expected to open this year, will be one of these factories.

With at least thirteen new gigafactories in the United States specializing on battery production for electric vehicles, demand for manganese is expected to rise.

"We believe that manganese will be the mineral for THE FUTURE. As exemplified by the opening of 13+ major gigafactories in North America as well as an estimated 240 more gigafactories worldwide that should come online by 2030. Manganese will be a major part of battery chemistries in all future nickel manganese lithium-ion batteries and some proportion of manganese in lithium-iron-phosphate batteries. Manganese X is poised to take advantage of this situation by being the first publicly traded Company to commercialize high purity manganese sulfate monohydrate product, in Canada and the US," Martin Kepman CEO of Manganese X Energy Corp. Watch Video.

"Manganese X Energy announced two major milestones have been achieved by Kemetco Research, thereby successfully completing its third and final processing metallurgical phase for the Battery Hill Preliminary Economic Assessment. These milestones are part of a leading-edge purification process which are pivotal to completing the company's Battery Hill PEA, being undertaken by Wood PLC, as the company moves toward producing high grade manganese battery material for the EV and storage energy markets."

Read the full story on https://news.manganesexenergycorp.com/13-gigafactories-to-open-in-the-us-in-the-next-five-years-according-to-the-department-of-energy-marking-an-era-of-american-battery-production_163471.html

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Release ID: 163688

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