VFBATTERY REPORT
Industry

Supply Chain: Upstream and Midstream

Page 429 of 768
Battery Report 2025, page 429: Supply Chain: Upstream and Midstream
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  1. https://projectblue.com/
Text on page 429

High-Purity Manganese Sulfate Monohydrate (HPMSM) Is the Primary Manganese Input for pCAM Given the scale advantages embedded in China’s cost structure, pCAM production trends in China remain central to global HP MSM availability and downstream cathode material supply.

Source: Project Blue

Extracted from the PDF; charts and images may read imperfectly.

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Page 429 · 11/20