The Global Battery Grade Cobalt Sulfate Market was valued at USD 3.2 Billion in 2023 and is projected to reach USD 5.8 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 7.8% during the forecast period (2023–2030). This growth is being driven by accelerating electric vehicle adoption, increased demand for high-performance batteries, and the growing emphasis on sustainable and ethical cobalt sourcing across consumer electronics and clean energy storage applications.

As the global transition toward electric mobility and renewable energy storage transforms energy markets, the spotlight is on key cobalt sulfate producers who are driving innovation, supply chain security, and battery performance optimization. In this blog, we profile the Top 10 Companies in the Battery Grade Cobalt Sulfate Industry—a mix of mining majors, chemical processors, and recycling pioneers shaping the future of battery materials.

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🔟 1. Huayou Cobalt Co., Ltd.

Headquarters: Tongxiang, Zhejiang, China
Key Offering: Battery Grade Cobalt Sulfate, Cobalt Precursors

Huayou Cobalt is the world’s leading producer of battery-grade cobalt sulfate, accounting for approximately 20% of global production capacity. The company operates integrated cobalt supply chains from mining to refining and has established strong partnerships with major battery manufacturers and automotive OEMs worldwide.

Sustainability Initiatives:

• Comprehensive ESG framework for cobalt sourcing

• Investment in recycling facilities to create circular cobalt economy

• Development of low-carbon refining technologies

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Battery Grade Cobalt Sulfate Market – View in Detailed Research Report

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9️⃣ 2. GME Resources Limited

Headquarters: West Perth, Australia
Key Offering: High-purity Cobalt Sulfate, Nickel-Cobalt Products

GME Resources operates the advanced Mt. Gunson cobalt project and has established itself as a key supplier of ethically-sourced cobalt sulfate to global battery markets.

Sustainability Initiatives:

• Commitment to DRC-free cobalt supply chains

• Focus on sustainable mining practices and community development

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8️⃣ 3. Ganzhou Tengyuan Cobalt Industrial Co., Ltd

Headquarters: Ganzhou, Jiangxi, China
Key Offering: Battery Grade Cobalt Sulfate, Nickel Sulfate

Ganzhou Tengyuan is a major Chinese producer of battery materials with significant cobalt sulfate production capacity specifically serving the lithium-ion battery industry.

Sustainability Initiatives:

• Implementation of traceability systems for cobalt sourcing

• Strategic partnerships with EV battery manufacturers

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7️⃣ 4. Jiayuan Cobalt Holdings

Headquarters: Quzhou, Zhejiang, China
Key Offering: High-purity Cobalt Sulfate, Cobalt Hydroxide

Jiayuan Cobalt Holdings operates multiple cobalt refineries in China with advanced purification technologies ensuring consistent battery-grade quality.

Sustainability Initiatives:

• Investment in hydrometallurgical refining processes

• Expansion of recycling capabilities for urban mining

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6️⃣ 5. Jilin Jien Nickel Industry Co., Ltd.

Headquarters: Jilin City, Jilin Province, China
Key Offering: Cobalt Sulfate, Nickel Sulfate

Jilin Jien Nickel Industry is integrated nickel-cobalt producer with significant investments in battery material production facilities.

Sustainability Initiatives:

• Development of integrated nickel-cobalt production processes

• Development of environmentally-friendly extraction technologies

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

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5️⃣ 6. Jinchuan Group Co., Ltd.

Headquarters: Jinchang, Gansu, China
Key Offering: Battery Grade Cobalt Sulfate, Cobalt Metal

Jinchuan Group is one of China’s largest nickel and cobalt producers with substantial battery-grade cobalt sulfate output serving domestic and international markets.

Sustainability Initiatives:

• World’s third largest cobalt producer with integrated supply chain

• Investment in advanced purification and quality control systems

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4️⃣ 7. Umicore SA

Headquarters: Brussels, Belgium
Key Offering: High-purity Cobalt Sulfate, Cathode Materials

Umicore is a global leader in battery materials with state-of-the-art cobalt refining facilities and comprehensive recycling capabilities.

Sustainability Initiatives:

• Closed-loop recycling for lithium-ion batteries

• Pioneering closed-loop battery recycling business model

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3️⃣ 8. MMC Norilsk Nickel

Headquarters: Moscow, Russia
Key Offering: Cobalt Sulfate, Nickel Products

Norilsk Nickel is one of the world’s largest producers of nickel and cobalt, with integrated mining and refining operations supplying battery-grade cobalt sulfate to global markets.

Sustainability Initiatives:

• Implementation of environmental management systems at all production facilities

• Sulfur dioxide emission reduction initiatives

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2️⃣ 9. Freeport Cobalt

Headquarters: Kokkola, Finland
Key Offering: Battery Grade Cobalt Sulfate, Cobalt Powders

Freeport Cobalt operates one of the world’s largest cobalt refineries with advanced processing technologies ensuring consistent battery material quality.

Sustainability Initiatives:

• Development of responsible cobalt sourcing policies

• Investment in quality control and product consistency technologies

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1️⃣ 10. Zhangjiagang Huayi Chemical Co. Ltd.

Headquarters: Zhangjiagang, Jiangsu, China
Key Offering: Battery Grade Cobalt Sulfate, Fine Chemicals

Zhangjiagang Huayi Chemical is a major Chinese producer of battery-grade cobalt sulfate with significant production capacity dedicated to the electric vehicle battery market.

Sustainability Initiatives:

• Implementation of environmental protection measures in production processes

• Investment in research and development for improved cobalt sulfate production

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

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🔋 Outlook: The Future of Battery Grade Cobalt Sulfate Is Sustainable and Innovation-Driven

The battery grade cobalt sulfate market is undergoing rapid transformation as demand from electric vehicle manufacturers and energy storage systems continues to accelerate. While traditional mining still dominates supply, the industry is investing heavily in recycling technologies, alternative sourcing methods, and purification processes to meet the exacting standards of next-generation batteries.

📈 Key Trends Shaping the Market:

• Rapid capacity expansion in China, Europe, and North America

• Increased focus on ethical sourcing and supply chain transparency

• Development of cobalt-free and low-cobalt battery chemistries

• Growing investment in urban mining and closed-loop recycling systems

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

The companies listed above are not only powering the global electric transition—they’re pioneering sustainable battery supply chains for the decarbonized future.