The Global Battery Grade Cobalt Sulphate Market was valued at USD 4.28 Billion in 2024 and is projected to reach USD 7.19 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 8.6% during the forecast period (2024–2030). This robust expansion is driven by the global transition to electric vehicles, increasing demand for energy storage systems, and government policies supporting clean energy adoption.

As the lithium-ion battery industry undergoes unprecedented growth to meet global decarbonization goals, the critical role of high-purity cobalt sulphate has become paramount for battery performance and safety. The spotlight now focuses on the key materials suppliers who are building secure supply chains, advancing refining technologies, and ensuring sustainable sourcing. In this analysis, we profile the Top 10 Companies in the Battery Grade Cobalt Sulphate Industry—a blend of established chemical processors, mining giants, and sustainable materials innovators shaping the future of battery raw materials.

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🔟 1. Umicore

Headquarters: Brussels, Belgium
Key Offering: Ultra-High Purity Cobalt Sulphate, Battery Materials Solutions

Umicore is a global leader in battery materials technology, supplying high-purity cobalt sulphate for EV batteries globally. The company operates one of the world’s most advanced cathode materials production facilities and maintains a closed-loop recycling system for critical battery metals.

Sustainability Initiatives:

• Pioneering closed-loop battery recycling operations

• Commitment to carbon-neutral operations by 2035

• Transparent supply chain management and ESG reporting

Download FREE Sample Report: Battery Grade Cobalt Sulphate Market – View in Detailed Research Report

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9️⃣ 2. Huayou Cobalt

Headquarters: Tongxiang, Zhejiang, China
Key Offering: High-Purity Cobalt Sulphate, Cobalt Precursors

Huayou Cobalt is one of the world’s largest producers of cobalt chemicals, with extensive operations across the battery materials value chain. The company supplies major battery manufacturers and automakers worldwide.

Sustainability Initiatives:

• Major investment in Indonesian HPAL (High-Pressure Acid Leach) projects for nickel-cobalt feedstock

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8️⃣ 3. Ganfeng Lithium

Headquarters: Xinyu, Jiangxi, China
Key Offering: Battery-Grade Cobalt Sulphate, Lithium Compounds

Ganfeng Lithium has emerged as a key integrated supplier of lithium and cobalt materials for batteries. The company operates across mining, refining, and recycling, with cobalt sulphate production integrated into its battery materials ecosystem.

Sustainability Initiatives:

• Strategic partnerships with EV manufacturers for secure supply

• Vertical integration strategy from resource to battery materials

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7️⃣ 4. Guangdong Fangyuan

Headquarters: Meizhou, Guangdong, China
Key Offering: High-Purity Cobalt Sulphate, Recycled Cobalt Materials

Guangdong Fangyuan specializes in the production of high-purity cobalt sulphate and other cobalt salts for lithium-ion battery applications, serving customers across Asia, Europe, and North America.

Sustainability Initiatives:

• Focus on recycled cobalt sources and urban mining

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6️⃣ 5. Ganzhou Tengyuan Cobalt

Headquarters: Ganzhou, Jiangxi, China
Key Offering: Battery Grade Cobalt Sulphate, Cobalt Metal

Ganzhou Tengyuan Cobalt operates integrated cobalt production facilities in China’s cobalt processing hub, supplying both domestic and international battery markets.

Sustainability Initiatives:

• Investment in cleaner hydrometallurgical processing technologies

• Expansion of production capacity to meet growing EV demand

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5️⃣ 6. Ji En Nickel Industry

Headquarters: Guangxi, China
Key Offering: Cobalt Sulphate, Nickel Sulphate

Ji En Nickel Industry has expanded into cobalt sulphate production, leveraging its existing nickel processing expertise and infrastructure.

Sustainability Initiatives:

• Development of integrated nickel-cobalt refining operations

Download FREE Sample Report: Battery Grade Cobalt Sulphate Market – View in Detailed Research Report

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4️⃣ 7. Hanrui Cobalt

Headquarters: Ganzhou, Jiangxi, China
Key Offering: Cobalt Sulphate, Cobalt Oxalate

Hanrui Cobalt focuses on the production of battery-grade cobalt chemicals, with significant production capacity in China’s primary cobalt processing region.

Sustainability Initiatives:

• Implementation of water recycling and waste minimization programs

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3️⃣ 8. First Cobalt

Headquarters: Toronto, Canada
Key Offering: Battery Grade Cobalt Sulphate, Cobalt Refining

First Cobalt operates North America’s only primary cobalt refinery, positioning itself as a strategic supplier for the region’s growing EV battery manufacturing base.

Sustainability Initiatives:

• Focus on North American and European battery supply chain development

• Development of ethically sourced cobalt supply from North American mines

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2️⃣ 9. Jiangxi Ruida Xinnengyuan

Headquarters: Ganzhou, Jiangxi, China
Key Offering: Cobalt Sulphate, Cobalt Carbonate

Jiangxi Ruida Xinnengyuan specializes in the production of cobalt sulphate and other cobalt compounds for the battery industry, with operations integrated across the cobalt value chain.

Sustainability Initiatives:

• Investment in cobalt purification and crystallization technologies

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1️⃣ 10. CoreMax Corporation

Headquarters: Ganzhou, Jiangxi, China
Key Offering: High-Purity Cobalt Sulphate, Cobalt Chemicals

CoreMax Corporation operates specialized cobalt processing facilities with a focus on battery-grade products, serving customers in the rapidly expanding Asian battery market.

Sustainability Initiatives:

• Development of advanced impurity removal processes for battery applications

Get Full Report Here: Battery Grade Cobalt Sulphate Market – View in Detailed Research Report

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🔋 Outlook: The Future of Battery Grade Cobalt Sulphate Is More Sustainable and Secure

The battery grade cobalt sulphate market is experiencing fundamental transformation. While traditional supply sources remain significant, the industry is investing heavily in responsible sourcing, advanced purification technologies, and supply chain diversification to meet the explosive growth in battery demand.

📈 Key Trends Shaping the Market:

• Accelerating demand for NMC (nickel manganese cobalt) cathode materials in EV batteries

• Increasing regulatory focus on supply chain transparency and ESG compliance

• Technology innovations in cobalt recovery from secondary sources and tailings

• Strategic partnerships between cobalt suppliers and battery manufacturers for secure long-term supply

Read Full Report: Battery Grade Cobalt Sulphate Market – View in Detailed Research Report

The companies listed above are not only powering the electric vehicle revolution—they’re steering the industry toward sustainable and ethical sourcing of critical battery materials.