The Global Battery Grade Nickel Sulfate Market was valued at USD 24.3 Billion in 2024 and is projected to reach USD 64.7 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 17.8% during the forecast period (2024–2030). This explosive growth is being driven by the rapid global transition to electric vehicles, rising demand for high-energy-density lithium-ion batteries, and accelerating investments in Sustainable Battery Material production across Asia, North America, and Europe.
As the electric mobility and energy storage sectors expand exponentially, the spotlight is on the key nickel sulfate producers who are driving supply chain security, technological innovation, and circular economy models. In this blog, we profile the Top 10 Companies in the Battery Grade Nickel Sulfate Industry—a mix of mining giants, chemical processors, and recycling pioneers shaping the future of global battery raw materials.
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Global Battery Grade Nickel Sulfate Market – View in Detailed Research Report
🔟 1. GME (GEM Co., Ltd.)
Headquarters: Shenzhen, China
Key Offering: High-Purity Nickel Sulfate (Ni≥22.2%), Recycled Nickel Sulfate
GME is one of the world’s largest producers of battery-grade nickel sulfate, with a dominant market share in China and globally. The company operates a fully integrated supply chain from nickel resource recovery to advanced material manufacturing, serving major global battery cell producers.
Sustainability Initiatives:
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Global leader in nickel recycling from spent batteries
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Strategic partnerships with EV manufacturers and mining companies
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Committed to carbon neutrality across its operations by 2040
9️⃣ 2. Umicore
Headquarters: Brussels, Belgium
Key Offering: Ultra-High-Purity Nickel Sulfate, Cathode Precursor Materials
Umicore is a global leader in battery materials and recycling technologies. The company produces high-purity nickel sulfate primarily through its state-of-the-art hydrometallurgical recycling facilities in Europe and Asia.
Sustainability Initiatives:
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Closed-loop battery recycling model
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Investment in low-carbon nickel sulfate production pathways
8️⃣ 3. Jinchuan Group Co., Ltd.
Headquarters: Jinchang, China
Key Offering: Nickel Sulfate Hexahydrate, Cobalt Sulfate
Jinchuan Group is China’s largest producer of nickel and a major global supplier of battery-grade nickel sulfate. The company leverages its vast nickel mining resources to ensure stable supply for the EV battery market.
Sustainability Initiatives:
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Development of green nickel projects
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Vertical integration from mining to battery materials
7️⃣ 4. MMC Norilsk Nickel
Headquarters: Moscow, Russia
Key Offering: Nickel Sulfate, Nickel Cathodes
Norilsk Nickel is the world’s largest producer of refined nickel and a key supplier to the battery industry. The company has invested significantly in upgrading its facilities to produce battery-specification materials.
Sustainability Initiatives:
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Major environmental modernization program underway
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Expansion of nickel sulfate capacity at its Kola Peninsula operations
Download FREE Sample Report:
Global Battery Grade Nickel Sulfate Market – View in Detailed Research Report
6️⃣ 5. CoreMax Corporation
Headquarters: Carson City, Nevada, USA
Key Offering: Battery Grade Nickel Sulfate, Cobalt Products
CoreMax is a leading refiner of specialty metals and battery materials in North America. The company processes nickel-containing feedstocks into high-purity sulfate for the North American and European battery markets.
Sustainability Initiatives:
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Focus on domestic supply chain development for U.S. EV production
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Advanced hydrometallurgical processing technologies
5️⃣ 6. Dalian Ruiyuan Power
Headquarters: Dalian, China
Key Offering: Nickel Sulfate, Lithium Hydroxide
Dalian Ruiyuan Power specializes in the production of battery-grade nickel sulfate and other key lithium-ion battery materials. The company has significant production capacity in China’s Liaoning province.
Sustainability Initiatives:
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Strategic focus on high-nickel cathode materials (NCM 811, NCA)
Sustainability Initiatives:
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Investment in water recycling and waste treatment systems
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Partnerships with leading battery manufacturers in China and South Korea
4️⃣ 7. Jiangxi Rui Da Xinnengyuan Technology
Headquarters: Ganzhou, China
Key Offering: Battery Grade Nickel Sulfate, Cobalt SulfateThe company is a prominent producer of battery materials in Jiangxi province, with growing export capabilities to global markets.
Sustainability Initiatives:
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Expansion of nickel sulfate production to support growing EV demand.
Sustainability Initiatives:
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Implementation of energy-efficient production processes
3️⃣ 8. BHP Nickel West
Headquarters: Perth, Australia
Key Offering: Nickel Sulfate, Nickel PowderBHP’s Nickel West division is one of the most integrated nickel producers in the world, from mining concentrates to battery-grade sulfate production.
Sustainability Initiatives:
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Transition from traditional nickel products to battery-grade materials
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Investment in renewable energy for operations
2️⃣ 9. Sumitomo Metal Mining Co., Ltd.
Headquarters: Tokyo, Japan
Key Offering: High-Purity Nickel Sulfate, NCA Cathode MaterialsSumitomo Metal Mining is a key Japanese producer of nickel sulfate and cathode materials, supplying major Japanese and Korean battery manufacturers.
Sustainability Initiatives:
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Development of proprietary nickel refining technologies
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Focus on supply chain stability for automotive customers
1️⃣ 10. Terrafame Ltd.
Headquarters: Sotkamo, Finland
Key Offering: Battery Grade Nickel Sulfate, Nickel-Cobalt Sulfate SolutionTerrafame operates a unique bioleaching-based nickel production facility in Finland, producing nickel sulfate with one of the industry’s lowest carbon footprints.
Sustainability Initiatives:
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Pioneering low-carbon primary nickel production
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Integrated production from mine to battery chemicals
Download FREE Sample Report:
Global Battery Grade Nickel Sulfate Market – View in Detailed Research Report
🌍 Outlook: The Future of Battery Grade Nickel Sulfate Is More Sustainable and Scalable
The battery grade nickel sulfate market is undergoing a fundamental transformation driven by massive demand from the EV sector and regulatory requirements for sustainable material sourcing.
📈 Key Trends Shaping the Market:
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Exponential growth in high-nickel cathode demand (NCM 811, NCA)
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Strategic shift toward hydrometallurgical processing routes from laterite ores
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Geographic diversification of supply chains away from single-source dependencies
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Accelerated adoption of battery recycling to create circular supply streams
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Rising investments in low-carbon nickel sulfate production technologies
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Global Battery Grade Nickel Sulfate Market – View in Detailed Research ReportThe companies listed above are not only powering the global electric vehicle revolution—they’re building the sustainable foundation for the clean energy economy of tomorrow.
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