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Manganese: the next hot battery metal
By Tim Boreham, Editor, The New Criterion
Move over lithium, graphite, cobalt and copper: manganese is fast emerging as the next ‘battery metal’ story to titillate investors.
The back story is similar: with manganese usage dominated by China and supply emanating from largely unattractive or unreliable geographies, western world car and battery makers are desperate to get their paws on the processed high-grade material.
For eons, manganese has been used as a strengthening agent in steel. 90% of output is deployed in this way and given the strength of Chinese steel-making – as reflected in record iron ore prices – this sector is attractive in itself.
The huge mineralised upside of the Paterson Range moves into focus once more, as Greatland, Antipa and others swing into action
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The huge mineralised upside of the Paterson Range moves into focus once more, as Greatland, Antipa and others swing into action
Could we be on the cusp of a new round of discoveries in the north of Western Australia?
Joining Tiger in the fundraising were some impressive names, most notable among them Newcrest Mining (ASX:NCM) and IGO Ltd (ASX:IGO), currently capitalised at A$25bn and A$5.6bn respectively. Antipa is no slouch either, although not quite in that league, its shares having doubled in over the past 12 months to give it a current valuation of just over A$110mln.
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