The Sprouting Market for Manganese Fertilizers in Brazil
Manganese fertilizer infographic presented by: Cancana
Manganese is primarily known for its uses in steel production, which makes up about 90% of the metal’s demand. However, it is less known for its important uses in batteries and particularly fertilizers.
Manganese is an essential micronutrient that is needed for plant and animal life. While it is needed in lesser amounts than the major fertilizer elements (N, P, K), the metal is essential for healthy growth of plants. There is no substitute for manganese in crops as it is needed chemically for photosynthesis.
Manganese is sufficient in most soils to supply crop needs, but may be deficient in dry conditions, sandy soils, high organic matter soils (especially peat and muck), and soils with high pH.
As the world’s largest net agricultural supplier, Brazil is the world’s breadbasket and agribusiness makes up almost a quarter of the country’s GDP.
Brazil, The World’s Breadbasket
Brazil produces 30% of the world’s soybeans and is also the crop’s #1 exporter with 41% of all shipments. Growth in soybean production is not stopping, and it continues to expand by 14.1% per year in Amazonian states, covering over eight million hectares.
However, there is a major problem for these farmers. This soil tends to be low in manganese micronutrients. Balanced plant nutrition with micronutrients can increase soybean yield by approximately 30%, yet manganese is the most common deficiency noted in soybean production in Brazil. Without it, farmers cannot maximize crop yield or revenues.
Purity and Grade
Not just any type of manganese will do. It has to be both high-purity and high-grade. Crops are eaten directly or indirectly by humans, so manganese must not have significant levels of heavy metals such as arsenic, cadmium, mercury, lead, or chromium. Brazil has specific regulations on the level of contaminants allowed, and therefore high-purity manganese is needed.
Manganese also has to be high-grade. Many fertilizer and feed applications call for high-grade ores with a minimum grade of 48%. As a result, more than a 30% premium is paid for high-grade, high-purity manganese ore.
Of particular interest is Mato Grosso, which uses more manganese than any other state in Brazil. This state is expected to account for 43.7% of the additional fertilizer and feed demand of manganese over the coming years, and high-grade sources of ore in this area will be particularly strategic.
An Investor’s Guide to Copper in 3 Charts
Explore three key insights into the future of the copper market, from soaring demand to potential supply constraints.
An Investor’s Guide to Copper
Copper is the world’s third-most utilized industrial metal and the linchpin of many clean energy technologies. It forms the vital connections in our electricity networks, grid storage systems, and electric vehicles.
In this graphic, sponsored by iShares, we dig into the forces that are set to shape the future of the copper landscape.
How Much Copper Do We Need?
Copper is poised to experience a remarkable 54% surge in demand from 2022 to 2050.
Here’s a breakdown of the expected demand for copper across clean energy technologies.
|Technology||2022 (kt)||2050P (kt)|
|Other low emissions power generation||93.7||142.2|
|Grid battery storage||24.6||665.2|
Copper is vital in renewable energy systems such as wind turbines, solar panels, and electric vehicle batteries because of its high electrical conductivity and durability.
It ensures the effective transmission of electricity and heat, enhancing the overall performance and sustainability of these technologies.
The rising demand for copper in the clean energy sector underscores its critical role in the transition to a greener and more sustainable future.
When Will Copper Demand Exceed Supply?
The burgeoning demand for copper has set the stage for looming supply challenges with a 22% gap predicted by 2031.
Given this metal’s pivotal role in clean energy and technological advancements, innovative mining and processing technologies could hold the key to boosting copper production and meeting the needs of a net-zero future.
Investing in Copper for a Prosperous Future
Investors looking for copper exposure may want to consider an ETF that tracks an index that offers access to companies focused on the exploration and mining of copper.
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