2024H1锰酸锂盘点：行业高增长，博石高科蝉联第一

Core Viewpoint - The lithium manganese oxide market is experiencing significant growth, driven by increased demand in the small power market, particularly for two-wheeled vehicles and electric motorcycles, with a notable rise in shipment volumes and market concentration among leading companies [2][11][13]. Market Growth - The shipment volume of lithium manganese oxide is projected to reach 60,100 tons in the first half of 2024, representing a year-on-year increase of 46.6% [11]. - The market for two-wheeled vehicles and small power applications is expanding, with monthly demand exceeding 2,000 tons, attributed to the decline in lithium carbonate prices and favorable regulations [14][15]. Competitive Landscape - The top four companies in the lithium manganese oxide market hold a combined market share of 67.6%, with Boshikao Technology leading with over 30% market share and being the only company with shipments exceeding 20,000 tons [5][13]. - Boshikao Technology has a 90% market share in the small power market, which constitutes over 40% of its total shipments, serving major battery manufacturers [15]. Price Trends and Outlook - The price of lithium carbonate is expected to remain below 100,000 yuan per ton, enhancing the cost-effectiveness of lithium manganese oxide materials, which is likely to sustain high shipment volumes [16]. - The total shipment volume of lithium manganese oxide for the year is anticipated to exceed 120,000 tons, reflecting a year-on-year increase of over 30% [16].