Euro Manganese Inc (ASX:EMN) (CVE:EMN) (OTCMKTS:EROMF) (FRA:E06) recently secured the support of European Union-backed knowledge and innovation organisation EIT InnoEnergy to assist in the integration the Chvaletice Manganese Project into the European battery supply chain.
The support for the Czech Republic-based project is a vindication of work done by EMN and Chvaletice's expected position within the supply chain, according to Canaccord Genuity.
Following the recent progress made by EMN, Canaccord has lifted EMN’s price target to A$1.30 (from A$0.55) and has maintained a speculative buy recommendation.
Canaccord highlighted that EV transition has accelerated in Europe and is tracking above market expectations.
The broker also noted a concerted shift in policy to align with this transition.
High purity manganese - highest growth segment? - video by Matt Ferney, managing director of Battery Materials Review
The Investor's Guide to Battery Materials helps educate potential investors in this complex and fast-growing segment of the global materials industry.
In this webcast, we discuss high purity manganese, one of the most exciting but under-appreciated segments.
We discuss its usage in batteries, why we see such high growth in demand, why purity and impurities are so important and how qualification requirements have changed the development pathway for battery materials developers.