The Global Battery Grade Cobalt Sulfate Market was valued at USD 4.56 Billion in 2024 and is projected to reach USD 8.92 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 11.8% during the forecast period (2024–2030). This remarkable growth is fueled by the booming electric vehicle (EV) industry, which accounts for 85% of global cobalt sulfate demand, coupled with accelerating adoption in consumer electronics and energy storage systems.
As the world shifts toward cobalt sulfate for high-performance lithium-ion batteries, key manufacturers are innovating production processes, expanding refining capacities, and developing sustainable sourcing strategies. This blog profiles the Top 10 Companies in the Battery Grade Cobalt Sulfate Industry—a mix of mining giants, specialty chemical producers, and cathode material specialists shaping the future of battery materials.
🔟 1. Huayou Cobalt
Headquarters: Tongxiang, China
Key Offering: Ultra-High Purity (≥20.5% Co) Cobalt Sulfate
As the world’s largest cobalt sulfate producer, Huayou Cobalt supplies over 30% of global demand. The company operates an integrated supply chain from Congolese mines to Chinese refineries, recently expanding its annual production capacity to 65,000 metric tons.
Sustainability Initiatives:
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Industry-leading 99.9% product purity standard
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$500M investment in responsible artisanal mining programs
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Closed-loop battery recycling partnerships
Download FREE Sample Report: Battery Grade Cobalt Sulfate Market – View in Detailed Research Report
9️⃣ 2. GME Resources
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