Connect with us

Hi, what are you looking for?

Smart Success Strategy – Investing and Stock NewsSmart Success Strategy – Investing and Stock News

Editor's Pick

Manganese Gains Traction as Supply Stability, ESG Influence EV Production, Element 25 Exec Says

As global electrification continues to ramp up, decision makers are increasingly paying attention to more stable and responsible sources of raw materials, particularly for electric vehicle (EV) batteries, according to Element 25 (ASX:E25) Managing Director Justin Brown.

“Stakeholders in the electrification of the vehicle fleet are looking for carmakers to use raw materials from areas that have tight controls on environmental and governance issues,” Brown said. “For example, if you source your manganese from Australia, you have a much better chance of understanding the standards that are applied to the extraction of the material, in terms of environmental and social governance, than you do perhaps in certain countries in other parts of the world.”

Element 25 owns and operates the Butcherbird project in Western Australia. Butcherbird hosts the largest onshore manganese deposit in Australia and began producing high-quality manganese concentrate in 2021.

The company’s next step is building a high-purity manganese sulphate monohydrate (HPSMSM) facility in Louisiana, US, that it will feed with concentrate from Butcherbird in order to supply the EV battery market. Element 25 currently has offtake agreements with global EV manufacturers General Motors (NYSE:GM) and Stellantis (NYSE:STLA) for its low-carbon HPSMSM.

“It’s an exciting time for manganese,” Brown said. “You’re going to need especially more manganese as the battery chemistry shifts to more stable raw material supply chains, of which manganese promises to play a really important part.”

Watch the full interview with Justin Brown, managing director of Element 25, above.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Element 25 and seek advice from a qualified investment advisor.

This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.

This post appeared first on investingnews.com
Enter Your Information Below To Receive Latest News, And Articles.



    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    The energy revolution is here to stay, and electric vehicles (EVs) have become part of the mainstream narrative. Despite geopolitical tensions and uncertainty, the...

    Editor's Pick

    Overview Mexico’s Sinaloa state hosts a number of prolific silver and gold mines, including McEwen Mining’s (TSX:MUX) El Gallo Complex, Americas Gold and Silver’s...

    Editor's Pick

    Uranium is an important energy sector commodity, and its rising value has attracted investor interest. 2023 has seen uranium prices solidly above the important...

    Investing

    A new survey shows that the presidential race between former President Donald Trump and President Biden is thin, but Biden faces a deficit in...

    Disclaimer: smartsuccessstrategy.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 smartsuccessstrategy.com