The Global Battery Grade Nickel Sulphate Market was valued at USD 3,396.26 Million in 2024 and is projected to reach USD 5,671.99 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 8.92% during the forecast period (2024–2030). This robust growth is primarily driven by the unprecedented expansion of the electric vehicle (EV) industry, the rapid scaling of global battery manufacturing capacities, and the increasing adoption of high-nickel cathode chemistries for enhanced energy density.

As the global energy transition accelerates, the demand for High-Purity Nickel Sulphate—a critical precursor for lithium-ion battery cathodes—has surged, creating a highly competitive and strategically vital market. In this blog, we profile the Top 10 Companies in the Battery Grade Nickel Sulphate Industry—a dynamic mix of mining giants, specialized chemical producers, and vertically integrated recyclers shaping the future of sustainable energy storage.

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🔟 1. Sumitomo Metal Mining

Headquarters: Tokyo, Japan
Key Offering: Ultra-High-Purity Nickel Sulphate, Cathode Active Materials

Sumitomo Metal Mining (SMM) is a global leader in the production of high-purity nickel sulphate and a key supplier to major battery manufacturers. The company leverages its integrated operations, from nickel mining to advanced materials refining, to ensure a consistent and high-quality supply chain for the EV sector.

Strategic Initiatives:

• Expansion of nickel sulphate production capacity in Japan and the Philippines

• Strategic partnerships with leading automotive OEMs for cathode material supply

• Investment in recycling technologies to secure secondary nickel sources

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9️⃣ 2. Jinchuan Group

Headquarters: Jinchang, Gansu, China
Key Offering: Battery Grade Nickel Sulphate, Cobalt Products

Jinchuan Group is one of China’s largest nickel and cobalt producers, playing a pivotal role in the domestic battery materials market. With vast mining resources and extensive refining capabilities, the company is a cornerstone of the Asian battery supply chain.

Strategic Initiatives:

• Significant capacity expansions to meet growing domestic and international demand

• Vertical integration from mine to battery-grade chemical production

• Focus on improving product purity and reducing environmental footprint

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8️⃣ 3. Norilsk Nickel (Nornickel)

Headquarters: Moscow, Russia
Key Offering: High-Grade Nickel Sulphate, Nickel Cathodes

Nornickel is one of the world’s largest producers of refined nickel and palladium. The company has strategically increased its output of battery-grade nickel sulphate to capitalize on the EV boom, leveraging its vast low-cost mining operations in Russia.

Strategic Initiatives:

• Major investment in converting Class I nickel into battery-grade sulphate

• Long-term supply agreements with European and Asian battery makers

• Commitment to ESG standards and reducing sulphur dioxide emissions from its operations

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Battery Grade Nickel Sulphate Market – View in Detailed Research Report

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7️⃣ 4. BHP

Headquarters: Melbourne, Australia
Key Offering: Nickel Sulphate, Nickel West Refinery Output

BHP, a global mining behemoth, has positioned its Nickel West operation in Australia as a key supplier of battery-grade nickel sulphate to the EV market. The operation is one of the most integrated nickel value chains in the world.

Strategic Initiatives:

• Investment in expanding sulphate production capacity at the Kwinana Refinery

• Focus on producing a “green nickel” product with a lower carbon footprint

• Securing offtake agreements with major EV manufacturers like Tesla

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6️⃣ 5. GEM Co., Ltd.

Headquarters: Shenzhen, Guangdong, China
Key Offering: Nickel Sulphate from Recycled Sources, Cathode Precursors

GEM is a pioneer in the circular economy for battery materials, specializing in the recycling of spent lithium-ion batteries to produce high-purity nickel sulphate. This approach provides a sustainable and ethical alternative to primary nickel production.

Strategic Initiatives:

• World’s leading battery recycling capacity with multiple facilities in China

• Strategic partnerships with carmakers and battery cell producers for closed-loop recycling

• Continuous R&D to improve recovery rates and purity of recycled nickel sulphate

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5️⃣ 6. Huayou Cobalt

Headquarters: Tongxiang, Zhejiang, China
Key Offering: Nickel Sulphate, Cobalt Sulphate, Ternary Precursor Materials

Huayou Cobalt has rapidly expanded from a cobalt specialist into a major integrated player in the battery materials space. The company has made significant investments in Indonesian nickel projects to secure raw materials for sulphate production.

Strategic Initiatives:

• Large-scale HPAL (High-Pressure Acid Leach) projects in Indonesia for nickel feedstock

• Vertical integration from nickel-cobalt mining to precursor and cathode material manufacturing

• Joint ventures with LG Chem and other global battery leaders

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4️⃣ 7. Umicore

Headquarters: Brussels, Belgium
Key Offering: High-Purity Nickel Sulphate, Cathode Materials, Recycling Services

Umicore is a global materials technology and recycling group with a strong foothold in the European battery ecosystem. The company produces battery-grade nickel sulphate as part of its closed-loop business model for cathode active materials.

Strategic Initiatives:

• Investment in large-scale cathode materials production facilities in Europe and Asia

• Pioneering sustainable sourcing and transparent supply chains

• Leading role in developing next-generation high-nickel NMC chemistries

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3️⃣ 8. KEMCO (Korea Zinc)

Headquarters: Seoul, South Korea
Key Offering: Ultra-Pure Nickel Sulphate Solution

Korea Zinc, through its chemical subsidiary KEMCO, is a major supplier of high-purity nickel sulphate, primarily in solution form, to the South Korean battery industry. Its proximity to major battery makers like LG Energy Solution and Samsung SDI gives it a strategic advantage.

Strategic Initiatives:

• Capacity expansion to solidify its position as a key domestic supplier

• Focus on liquid sulphate for ease of integration into cathode precursor production

• Exploration of sourcing options to ensure long-term raw material security

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

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2️⃣ 9. Terrafame Ltd

Headquarters: Sotkamo, Finland
Key Offering: Bioleached Nickel Sulphate, Battery Chemicals

Terrafame operates a unique bioheapleaching facility in Finland to produce nickel and zinc. The company has invested heavily in a chemical plant that converts its nickel-cobalt solution into high-quality battery-grade nickel sulphate for the European market.

Strategic Initiatives:

• Production of one of the lowest carbon footprint nickel sulphates globally

• Strategic location to serve the burgeoning European battery cell manufacturing base

• Partnerships with auto manufacturers seeking sustainable and traceable battery materials

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1️⃣ 10. MCC Ramu New Energy Technology

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

MCC Ramu New Energy Technology is a key Chinese producer, leveraging its parent company’s mining expertise to supply the domestic battery industry. The company is focused on scaling production to keep pace with China’s dominant position in the global EV supply chain.

Strategic Initiatives:

• Rapid expansion of sulphate production capacity

• Integration with China’s vast network of cathode and precursor manufacturers

• Focus on cost-competitive production to serve the mass-market EV segment

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Battery Grade Nickel Sulphate Market – View in Detailed Research Report

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🌍 Outlook: The Future of Battery Grade Nickel Sulphate Is Sustainable and Integrated

The battery-grade nickel sulphate market is undergoing a fundamental transformation. While demand from the EV sector continues to outstrip supply, the industry is rapidly evolving towards sustainable sourcing, circular economy principles, and greater supply chain integration.

📈 Key Trends Shaping the Market:

• Massive Capacity Expansion: Producers are aggressively expanding output, with new projects announced in Indonesia, China, and Europe to bridge the supply-demand gap.

• Rise of the Circular Economy: Battery recycling is becoming a critical secondary source of nickel, with companies like GEM leading the way in creating closed-loop systems.

• Geopolitical Reshaping of Supply Chains: Western nations and automakers are actively diversifying supply away from dominant regions, fostering new production hubs in North America and Europe.

• Technological Innovation in Production: Adoption of lower-carbon production methods, such as HPAL and bioleaching, is increasing to meet stringent ESG criteria from downstream customers.

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

The companies listed above are not only supplying a critical material for the global energy transition—they are actively building the resilient and sustainable supply chains necessary to power the electric future.