In this article, we will discuss: 7 Best Manganese Stocks to Buy Right Now.
Manganese stocks are shares of publicly traded companies that extract, process, or sell manganese, a vital metal used in the production of steel and electric vehicle batteries.
General Motors is counting on lithium manganese-rich (LMR) prismatic battery cells as a breakthrough technology to reduce costs and increase profitability in their largest EVs, with commercialization planned for 2028. The automaker is positioned to lessen its dependency on limited resources because of its new design, which uses more prevalent and less expensive minerals like manganese instead of the expensive nickel and cobalt used in today’s batteries. It is anticipated that the batteries, which are being co-developed with LG Energy Solution, will provide a 33% better energy density than lithium iron phosphate cells at the same price point.
According to analyst Sam Abuelsamid, vice president of market research at the auto advisory firm Telemetry, the price will be between $80 and $90/kWh in 2024, which is significantly less than the industry average of $115/kWh and a substantial decrease from GM’s current $125/kWh packs. GM claims that the prismatic design, which uses 50% fewer parts, could reduce the weight of EVs like the Cadillac Escalade IQ and Chevrolet Silverado EV by hundreds of pounds. Kurt Kelty, GM’s vice president of battery, propulsion, and sustainability, stated that LMR “unlocks the premium range and performance at an affordable cost.”
With that said, here are the 7 Best Manganese Stocks to Buy Right Now.
Photo by Dominik Vanyi on Unsplash
Methodology:
We sifted through online rankings to form an initial list of the 7 Best Manganese Stocks to Buy Right Now. From the resultant dataset, we chose 7 stocks with the highest number of hedge fund investors, using Insider Monkey’s database of 1000 hedge funds in Q1 2025 to gauge hedge fund sentiment for stocks. We have used the stock’s market cap as of August 21 as a tie-breaker in case two or more stocks have the same number of hedge funds invested.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
7. American Battery Technology Company (NASDAQ:ABAT)
Number of Hedge Fund Holders: 6
American Battery Technology Company (NASDAQ:ABAT) has received a $1 million partnership agreement from the United States Department of Energy’s Argonne National Laboratory ReCell Center to develop the commercialization of its electrochemical lithium hydroxide manufacturing technology. The Aurora Exascale Supercomputer and Argonne’s Advanced Photon Source particle accelerator will be used in the project to evaluate the long-term performance of ABTC’s technologies.
The procedure used by American Battery Technology Company (NASDAQ:ABAT) yields high-quality lithium hydroxide at a cheaper cost and with less of an adverse effect on the environment than traditional processes, which use a lot of chemicals and produce waste. The firm’s growth into key mineral recycling facilities and its claystone-to-lithium refinery in Tonopah, Nevada, will be supported by data from the Argonne trials that will allow predictive modeling of system performance.
According to CEO Ryan Melsert, the agreement reinforces American Battery Technology Company (NASDAQ:ABAT)’s objective to increase domestic battery metal production. The agreement is an extension of its larger alliance with DOE laboratories, such as Idaho National Laboratory and National Renewable Energy Laboratory. These are intended to improve U.S. energy security and lessen dependency on overseas supply chains. It is one of the Best Manganese Stocks.
6. Ultralife Corporation (NASDAQ:ULBI)
Number of Hedge Fund Holders: 9
Market Cap as of August 21: $119.33 million
Ultralife Corporation (NASDAQ: ULBI) has announced new leadership appointments to support its development strategy, including Jeffrey Luke as Chief Marketing Officer and James Pope as Senior Vice President of Sales & Business Development, Battery & Energy Products, effective January 6, 2025.
Luke will oversee corporate and brand strategy, coordinating worldwide operations and collaborating with technical and sales teams to implement go-to-market plans. He has more than 20 years of B2B marketing expertise in the fields of industrial computing, heavy machinery, energy, genomics, and agriculture. Pope will manage growth into both new and existing markets, emphasizing competitive positioning, strategic alliances, and revenue growth. His 37 years in the battery and power industry have included cell and pack manufacture, charger development, and sector promotion.
According to CEO Mike Manna, the hires improve Ultralife Corporation (NASDAQ:ULBI)’s capacity to launch new goods and combine creativity with corporate objectives. The firm serves commercial, military, and government customers globally with power, communications, and electronic systems. It is among the Best Manganese Stocks.
