SA’s Manganese refining pioneer set to electrify West’s quest to diversify from China – CEO Louis Nel

Loading player...
A manganese refinery near the Kruger National Park, known as the Manganese Metal Co (MMC), is poised to benefit from the West’s desire to detach itself from China’s supply. Located in the rural town of Mbombela, MMC is one of just a handful of refiners of battery-grade manganese outside China. MMC CEO Louis Nel told Biznews in an interview that the exponential growth of lithium-ion batteries in electric vehicles enhances the prospects for the company and has resulted in a steady flow of Western automakers knocking on its doors, looking to decouple from China. He did not want to comment on whether it includes Tesla but said that most pre-eminent automotive producers have come calling. When it comes to price, Nel said that it was hard to compete with China, but there was a market for an alternative product with a smaller environmental footprint.
10 Jan 2024 8AM English South Africa Investing · Business News

Other recent episodes

BN Briefing: US Ambassador Bozell's BNC#8 warning; Yardeni's $6,000 Gold call; Sean Peche's wealth-building wisdom

Tonight’s BizNews Briefing opens with new US Ambassador Brent Bozell’s candid message from BNC#8, urging reciprocity and warning that policy uncertainty and geopolitical alignment choices shape investor confidence. We then run through a results-heavy market update led by Harmony, Rainbow Chicken and OUTsurance. Bloomberg follows with Ed Yardeni’s bullish gold…
11 Mar 7AM 10 min