Ferro Manganese Sales

Ferro Manganese Sales Market Outlook

The global Ferro Manganese market is projected to reach USD 12 billion by 2035, with a compound annual growth rate (CAGR) of approximately 5.3% during the forecast period from 2025 to 2035. Significant growth in the steel manufacturing sector, driven by rising demand for high-quality steel products, has been a crucial factor contributing to this market's expansion. Additionally, the growing automotive and construction industries have further stimulated the need for Ferro Manganese, as it is an essential additive in steelmaking processes and improves the quality of steel by deoxidizing and desulfurizing. The ongoing technological advancements in production processes and the increasing preference for high-carbon grades of Ferro Manganese have also fueled market growth. Furthermore, the rising focus on sustainable manufacturing practices and regulations promoting the use of manganese in various sectors are expected to boost market performance over the forecast period.

Growth Factor of the Market

The growth of the Ferro Manganese market is primarily driven by the increasing demand for steel across various industries, including construction, automotive, and manufacturing. As urbanization continues to accelerate, the need for infrastructure development and quality steel products has risen significantly, propelling the market forward. Additionally, with the global push towards renewable energy and electric vehicles, the demand for high-strength steel, which uses Ferro Manganese as a key ingredient, is also on the rise. Moreover, the industrial recovery post-COVID-19 pandemic has led to surges in demand from various sectors, further augmenting the Ferro Manganese market growth. The advancements in production technologies and processes, which allow for the more efficient and cost-effective manufacture of Ferro Manganese, have also positively impacted the market. Furthermore, collaborations among key players to enhance product offerings and expand their reach in emerging markets are fueling increased competition, thereby fostering growth in the Ferro Manganese market.

Key Highlights of the Market

• The global Ferro Manganese market is expected to grow at a CAGR of 5.3% from 2025 to 2035.
• The market is driven by the increasing demand for high-strength steel in automotive and construction applications.
• Technological advancements in Ferro Manganese production processes are enhancing efficiency and reducing costs.
• Emerging economies are contributing significantly to the demand for Ferro Manganese due to rapid industrialization.
• Key players in the market are focusing on strategic collaborations to expand their product offerings and market presence.

By Product Type

High Carbon Ferro Manganese:

High Carbon Ferro Manganese is one of the most widely used variants in the Ferro Manganese market, primarily due to its high manganese content, typically ranging from 70% to 80%. This type is extensively utilized in the steel manufacturing process as a deoxidizer and alloying agent, leading to improved mechanical properties in steel products. The demand for high carbon grades is significantly driven by the booming steel industry, particularly in regions like Asia-Pacific and North America, where large-scale steel production is prevalent. Additionally, the ability of high carbon Ferro Manganese to enhance the strength and hardness of steel makes it a preferred choice for applications in construction and automotive industries. This segment is expected to dominate the market throughout the forecast period, driven by a steady increase in global steel production and consumption.

Medium Carbon Ferro Manganese:

Medium Carbon Ferro Manganese typically contains a manganese content of 40% to 70% and is used in the production of high-quality steel grades. This variant is gaining traction due to its optimal balance of carbon and manganese, making it suitable for applications requiring lower carbon content in steel alloys. The growing demand for medium-carbon grades is mainly attributed to their use in producing various specialty steel grades with enhanced properties. As industries increasingly focus on producing high-performance materials, the demand for medium carbon Ferro Manganese is expected to rise. Furthermore, its application in foundries and welding electrodes is anticipated to bolster the segment's growth throughout the forecast period.

Low Carbon Ferro Manganese:

Low Carbon Ferro Manganese contains a reduced carbon content, typically less than 1%, and is primarily employed in producing stainless steel and other specialty alloys. The increasing demand for high-purity and low-carbon steel products significantly drives the market for low carbon Ferro Manganese. As industries focus on producing cleaner steel with improved properties, low carbon Ferro Manganese has become a vital ingredient in steelmaking processes. The forecast period is expected to witness substantial growth in this segment as manufacturers strive to meet stringent environmental regulations and consumer demands for eco-friendly products. Additionally, its usage in various applications, including electrical steel, will further enhance the growth prospects of low carbon Ferro Manganese.

Silico Manganese:

Silico Manganese, which contains both manganese and silicon, serves as an essential alloying agent in steelmaking. The dual purpose of providing both manganese and silicon makes this variant highly valuable, as it can improve the overall quality and properties of steel. The increasing adoption of Silico Manganese in the production of various steel grades, especially in developing economies, is anticipated to boost its demand in the Ferro Manganese market. Furthermore, the rising emphasis on using silicon as a deoxidizer in steelmaking is expected to drive the growth of this segment. As manufacturers continue to innovate and improve the quality of Silico Manganese, its application across diverse industries is likely to expand, contributing to the overall market growth.

Ferro Silico Manganese:

Ferro Silico Manganese is a low-cost alternative that combines the benefits of both Ferro Manganese and Silico Manganese, making it a popular choice among steel manufacturers. This alloy is used to enhance the mechanical properties of steel, including strength and ductility, thereby improving the performance of steel products in various applications. The increasing demand for Ferro Silico Manganese is primarily driven by the thriving construction and automotive sectors, where high-quality steel is essential. Furthermore, the cost-effectiveness of Ferro Silico Manganese compared to other Ferro alloys is expected to favor its adoption among manufacturers, thereby contributing positively to its market growth. The forecast period will likely witness a rise in demand for Ferro Silico Manganese as manufacturers seek to balance quality and cost in their production processes.

By Application

Steel Manufacturing:

Steel manufacturing is the largest application segment for Ferro Manganese, accounting for a significant share of the market. The alloy's primary role in steel production is to enhance the quality and properties of the final product, making it indispensable in the industry. With the continual growth of the construction and automotive sectors, the demand for high-quality steel has surged, leading to increased consumption of Ferro Manganese. Moreover, the emergence of new steelmaking techniques and processes that require precise control over alloying elements further propels the demand for Ferro Manganese in steel manufacturing. The segment is anticipated to maintain its dominance throughout the forecast period, driven by the expanding global steel industry.

Foundry:

The foundry industry is another significant application area for Ferro Manganese, where it is utilized to produce various cast iron and steel products. Ferro Manganese plays a crucial role in improving castability and enhancing the mechanical properties of the final products. The growing demand for cast components in automotive, aerospace, and industrial machinery is expected to drive the foundry segment's growth in the Ferro Manganese market. Additionally, the increasing trend of using lightweight and durable materials in manufacturing is likely to further boost the consumption of Ferro Manganese in foundry applications. As the foundry sector continues to expand, the demand for Ferro Manganese is projected to grow steadily during the forecast period.

Welding Electrodes:

The use of Ferro Manganese in welding electrodes is gaining traction due to its ability to improve the mechanical properties and corrosion resistance of welded joints. As industries demand high-performance welding solutions, Ferro Manganese has become a critical ingredient in the production of various welding electrodes. The increasing focus on infrastructure development and the rise of the construction and manufacturing sectors are expected to favor the growth of this segment. Furthermore, the continuous innovations in welding technologies and the rising complexity of welding applications are likely to enhance the demand for Ferro Manganese in this application area throughout the forecast period.

Others:

Besides steel manufacturing, foundry, and welding electrodes, Ferro Manganese is also utilized in several other applications, including the production of batteries, chemicals, and fertilizers. The versatility of Ferro Manganese allows it to cater to various industrial needs, thereby expanding its application scope. As industries continue to explore new uses for Ferro Manganese, the demand in this segment is expected to grow steadily. Additionally, the increasing focus on sustainability and the development of eco-friendly products may lead to new applications for Ferro Manganese in different sectors, further contributing to the overall market growth during the forecast period.

By Distribution Channel

Direct Sales:

Direct sales are a prevalent distribution channel in the Ferro Manganese market, allowing manufacturers to establish a direct relationship with end-users. This channel enables companies to provide tailored solutions based on specific customer requirements, enhancing customer satisfaction and loyalty. Additionally, direct sales help reduce the costs associated with intermediaries, allowing manufacturers to offer more competitive pricing. As the demand for Ferro Manganese continues to grow, the direct sales channel is expected to expand, driven by manufacturers' efforts to strengthen their market presence and improve customer engagement. Furthermore, the increasing trend of online sales platforms is likely to facilitate direct sales, contributing positively to market growth.

Indirect Sales:

Indirect sales encompass various distribution methods, including wholesalers, distributors, and retailers, providing a broader reach to customers across different regions. This channel enables Ferro Manganese manufacturers to tap into new markets and expand their customer base effectively. By leveraging established distribution networks, manufacturers can ensure timely delivery and availability of products to end-users. The indirect sales channel is expected to witness steady growth as companies continue to seek partnerships with distributors and wholesalers to enhance their market presence. Furthermore, the growth of e-commerce and online retailing is anticipated to further bolster indirect sales in the Ferro Manganese market during the forecast period.

By Ingredient Type

Manganese:

Manganese is the primary ingredient in Ferro Manganese, serving as a crucial alloying element in steel production. Its role in enhancing the mechanical properties, strength, and wear resistance of steel makes it indispensable in the steel manufacturing process. The growing demand for high-quality steel in various sectors, including construction and automotive, is expected to drive the consumption of manganese in Ferro Manganese production. As industries focus on developing advanced steel grades, the demand for manganese is projected to increase, significantly contributing to the overall market growth during the forecast period.

Iron:

Iron serves as a secondary ingredient in Ferro Manganese, playing a vital role in the alloy's overall composition and performance. The presence of iron enhances the metallurgical properties of Ferro Manganese, making it suitable for various applications in the steel industry. As the demand for Ferro Manganese continues to rise, the consumption of iron in its production is also expected to increase. The growing focus on producing high-strength and durable materials in steel manufacturing is likely to boost the demand for iron as an ingredient in Ferro Manganese. Additionally, the expanding iron and steel industry across the globe will further contribute to the growth of this segment throughout the forecast period.

Silicon:

Silicon is another essential ingredient in Ferro Manganese, particularly in the production of Silico Manganese, where it acts as a deoxidizer and improves the overall quality of steel. The increasing demand for silicon in the steel sector is primarily driven by the need for high-performance materials that meet stringent industry standards. As the steel industry embraces new technologies and processes that enhance the quality of steel products, the demand for silicon in Ferro Manganese production is expected to rise. Furthermore, the growing focus on sustainability and the shift towards eco-friendly manufacturing practices are likely to propel the consumption of silicon as an ingredient in Ferro Manganese.

Carbon:

Carbon is another crucial ingredient in Ferro Manganese, particularly in high carbon grades, where it plays a vital role in determining the alloy's properties. The presence of carbon enhances the hardness and strength of steel, making it suitable for various applications in construction and automotive industries. The demand for carbon in Ferro Manganese is directly linked to the growing production of high-carbon steel, which is favored for its superior mechanical properties. As the global steel industry continues to expand, the consumption of carbon in Ferro Manganese production is expected to grow steadily. Moreover, manufacturers are increasingly focusing on optimizing carbon content in Ferro Manganese to meet specific industry requirements, further contributing to the growth of this segment.

By Region

The Ferro Manganese market is witnessing robust growth across various regions, with Asia Pacific being the dominant market. The region accounted for over 40% of the global market share in 2025 and is projected to grow at a CAGR of 5.8% during the forecast period. The rapid industrialization and urbanization in countries like China and India are significant factors driving the demand for Ferro Manganese in steel production. Moreover, the increasing investments in infrastructure and construction projects are further augmenting the demand for high-quality steel, thereby boosting the Ferro Manganese market in the Asia Pacific region. The presence of major steel manufacturers and the availability of raw materials also contribute to the region's dominance in the Ferro Manganese market.

North America is another key region in the Ferro Manganese market, holding a substantial market share due to the presence of established steel manufacturing companies. The region is expected to experience steady growth, driven by the increasing demand for specialty steels and high-strength materials in various applications. The growing emphasis on advanced manufacturing technologies and sustainable practices is also anticipated to favor the growth of the Ferro Manganese market in North America. Furthermore, regions like Europe and Latin America are projected to witness gradual growth, supported by the resurgence of the automotive and construction sectors, thereby contributing to the overall market dynamics.

Opportunities

With the continual expansion of the global steel industry, there are numerous opportunities for growth within the Ferro Manganese market. The rising demand for high-strength and lightweight materials in sectors such as automotive, aerospace, and construction presents significant opportunities for manufacturers to innovate and develop advanced Ferro Manganese products. Additionally, as industries increasingly focus on sustainability and eco-friendly practices, there is a growing need for Ferro Manganese with lower carbon emissions and improved environmental profiles. This shift towards sustainable manufacturing processes can open up new avenues for Ferro Manganese producers to differentiate their offerings and cater to the evolving needs of end-users. Moreover, the potential for developing new applications for Ferro Manganese, such as in the production of advanced battery materials and other high-performance alloys, presents additional growth opportunities for market players.

Furthermore, the ongoing trend of mergers and acquisitions in the Ferro Manganese market can create opportunities for companies to expand their product portfolios and geographic reach. By leveraging partnerships and collaborations, manufacturers can enhance their capabilities and access new markets, thereby driving business growth. Additionally, the increasing investments in research and development to explore innovative applications of Ferro Manganese can lead to the discovery of new uses and technologies that further enhance the market's growth potential. Overall, the Ferro Manganese market is poised for growth, and companies positioned to capitalize on emerging trends and opportunities are likely to thrive in this competitive landscape.

Threats

Despite the promising growth prospects for the Ferro Manganese market, various threats could hinder its progress. One of the primary threats is the volatility in raw material prices, particularly manganese ore, which can significantly impact production costs and, subsequently, profit margins for manufacturers. The fluctuating prices may also affect the pricing strategies of Ferro Manganese producers, leading to potential loss of market share to more cost-effective alternatives. Additionally, the Ferro Manganese market is increasingly competitive, with numerous players striving for market dominance. This competitive landscape could result in price wars and reduced profitability for manufacturers, particularly smaller firms that may struggle to compete with larger, more established players. Moreover, the emergence of alternative alloying materials and technologies may pose a threat to the traditional Ferro Manganese market, as manufacturers explore innovative solutions that could replace Ferro Manganese in specific applications.

Furthermore, environmental concerns surrounding the production and use of Ferro Manganese may lead to stricter regulations and compliance requirements, posing a challenge for manufacturers. These regulatory frameworks could result in increased operational costs and necessitate investments in cleaner technologies and processes. If companies fail to adapt to these changes, they may face reputational damage and a decline in market share. Additionally, the potential for economic downturns and fluctuations in global steel demand can pose risks to the Ferro Manganese market, as reduced steel production may lead to decreased demand for Ferro Manganese. As such, manufacturers must remain vigilant and proactive in addressing these threats to ensure sustainable growth in the Ferro Manganese market.

Competitor Outlook

• Assmang Proprietary Limited
• ERACHEM Comilog, Inc.
• Ferro Alloys Corporation Ltd.
• Glencore International AG
• Vale S.A.
• Gulf Manganese Corporation Limited
• Indo-MIM Pvt Ltd.
• South32 Limited
• Transalloys (Pty) Ltd.
• Manganese Metal Company (Pty) Ltd.
• MOIL Limited
• Hunan Nonferrous Metals Group Co., Ltd.
• China Molybdenum Co., Ltd.
• Renova Group
• Jiangxi Copper Corporation Limited

The competitive landscape of the Ferro Manganese market is characterized by the presence of both large multinational corporations and smaller regional players. Major companies in the market are focusing on establishing strategic partnerships and collaborations to expand their product offerings and enhance their market presence. Such collaborations enable companies to leverage each other's strengths and expertise, ultimately leading to improved operational efficiencies and increased market share. Additionally, many key players are investing in research and development to innovate and develop advanced Ferro Manganese products, addressing the evolving demands of various industries. This emphasis on innovation not only fosters product differentiation but also helps companies adapt to changing market dynamics and customer preferences.

Among the prominent companies in the Ferro Manganese market, Assmang Proprietary Limited stands out as a leading player, with a significant share in the global market. The company operates multiple manganese mines and production facilities, enabling it to maintain a strong supply chain and meet the growing demand for Ferro Manganese across various industries. Glencore International AG is another major player, known for its extensive portfolio of commodities, including Ferro Manganese. The company's global presence and comprehensive distribution network provide it with a competitive edge in reaching diverse markets. Similarly, South32 Limited, formed from the demerger of BHP Billiton, has emerged as a key player in the Ferro Manganese segment, continuing to invest in operational efficiencies and sustainable practices.

Furthermore, companies like MOIL Limited and Ferro Alloys Corporation Ltd. have established a strong foothold in the Ferro Manganese market, focusing on expanding their production capacities and enhancing their technological capabilities. These companies are also looking to strengthen their position in emerging markets, particularly in Asia-Pacific and Latin America, where the demand for Ferro Manganese is on the rise. As competition intensifies, these companies will likely seek to adopt strategies that prioritize sustainability, technological advancements, and customer-centric solutions, ensuring they remain at the forefront of the Ferro Manganese market.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Vale S.A.
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 MOIL Limited
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Renova Group
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 South32 Limited
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Indo-MIM Pvt Ltd.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 ERACHEM Comilog, Inc.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Transalloys (Pty) Ltd.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Glencore International AG
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 China Molybdenum Co., Ltd.
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Assmang Proprietary Limited
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Ferro Alloys Corporation Ltd.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Gulf Manganese Corporation Limited
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Jiangxi Copper Corporation Limited
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Manganese Metal Company (Pty) Ltd.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Hunan Nonferrous Metals Group Co., Ltd.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Ferro Manganese Sales Market, By Application
    • 6.1.1 Steel Manufacturing
    • 6.1.2 Foundry
    • 6.1.3 Welding Electrodes
    • 6.1.4 Others
  • 6.2 Ferro Manganese Sales Market, By Product Type
    • 6.2.1 High Carbon Ferro Manganese
    • 6.2.2 Medium Carbon Ferro Manganese
    • 6.2.3 Low Carbon Ferro Manganese
    • 6.2.4 Silico Manganese
    • 6.2.5 Ferro Silico Manganese
  • 6.3 Ferro Manganese Sales Market, By Ingredient Type
    • 6.3.1 Manganese
    • 6.3.2 Iron
    • 6.3.3 Silicon
    • 6.3.4 Carbon
  • 6.4 Ferro Manganese Sales Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Indirect Sales

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Ferro Manganese Sales Market by Region
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Ferro Manganese Sales market is categorized based on

By Product Type

• High Carbon Ferro Manganese
• Medium Carbon Ferro Manganese
• Low Carbon Ferro Manganese
• Silico Manganese
• Ferro Silico Manganese

By Application

• Steel Manufacturing
• Foundry
• Welding Electrodes
• Others

By Distribution Channel

• Direct Sales
• Indirect Sales

By Ingredient Type

• Manganese
• Iron
• Silicon
• Carbon

By Region

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Key Players

• Assmang Proprietary Limited
• ERACHEM Comilog, Inc.
• Ferro Alloys Corporation Ltd.
• Glencore International AG
• Vale S.A.
• Gulf Manganese Corporation Limited
• Indo-MIM Pvt Ltd.
• South32 Limited
• Transalloys (Pty) Ltd.
• Manganese Metal Company (Pty) Ltd.
• MOIL Limited
• Hunan Nonferrous Metals Group Co., Ltd.
• China Molybdenum Co., Ltd.
• Renova Group
• Jiangxi Copper Corporation Limited