The Global Cadmium Ingot Market was valued at USD 187.6 Million in 2024 and is projected to reach USD 242.8 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.1% during the forecast period (2024–2030). This steady growth is primarily driven by persistent demand from the battery, electroplating, and electronics sectors, alongside expanding applications in aerospace and nuclear industries where cadmium’s unique properties are indispensable.

As industries worldwide navigate stringent environmental regulations and a push for material efficiency, the spotlight falls on the key producers ensuring a stable supply of this versatile metal. In this blog, we profile the Top 10 Companies in the Cadmium Ingot Industry—a mix of global metal conglomerates, specialized chemical suppliers, and regional leaders shaping the value chain for this critical material.

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🔟 1. Fine Metals Corporation

Headquarters: Mumbai, Maharashtra, India
Key Offering: High-Purity Cadmium Ingots (Cd99.995%, Cd99.99%)

Fine Metals Corporation is a leading global supplier of non-ferrous metals, with a special focus on high-purity cadmium. The company serves a diverse clientele across the electroplating, alloy, and battery manufacturing industries, with a reputation for stringent quality control and reliable supply chains.

Production & Innovation:

• Specializes in ultra-high purity cadmium (99.995% and above)

• Advanced refining processes to minimize impurities

• Strong export network across Europe, North America, and Asia-Pacific

Download FREE Sample Report: Cadmium Ingot Market – View in Detailed Research Report

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9️⃣ 2. American Elements

Headquarters: Los Angeles, California, USA
Key Offering: Cadmium Ingots, Cadmium Compounds, High-Purity Metals

American Elements is a premier manufacturer and global supplier of advanced materials, including a comprehensive portfolio of cadmium products. The company caters to research institutions, defense contractors, and high-tech industrial manufacturers requiring certified material specifications.

Production & Innovation:

• Produces cadmium ingots in various purity grades (Cd99.95% to Cd99.995%)

• Provides custom metallurgical and chemical formulations

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8️⃣ 3. VH Met Alloys

Headquarters: Khopoli, Maharashtra, India
Key Offering: Cadmium Ingots, Babbitt Alloys, Zinc Alloys

VH Met Alloys is a specialized manufacturer of non-ferrous metals and alloys, with cadmium ingot production as a core business segment. The company’s focus on developing custom alloy solutions makes it a key partner for industrial applications.

Production & Innovation:

• Integrated production from raw material sourcing to finished ingot

• Expertise in producing cadmium-based bearing alloys

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7️⃣ 4. Phoolchand Bhagatsingh

Headquarters: Mumbai, Maharashtra, India
Key Offering: Cadmium Ingots, Zinc, Lead, and other Non-Ferrous Metals

Phoolchand Bhagatsingh is a well-established name in the Indian non-ferrous metals trade, with a history spanning several decades. The company acts as a major supplier and stockist of cadmium ingots, leveraging its extensive distribution network within India and for export markets.

Production & Innovation:

• Significant inventory holding capacity ensuring supply continuity

• Strong relationships with zinc smelters for raw material sourcing

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6️⃣ 5. Yunnan Luoping Zinc & Electricity Co., Ltd.

Headquarters: Qujing, Yunnan, China
Key Offering: Cadmium Ingots, Zinc Ingots, By-product Metals

As a major integrated zinc producer in China, Yunnan Luoping Zinc & Electricity is a significant source of cadmium, which is recovered as a by-product of its zinc smelting operations. This vertical integration provides a cost-effective and steady supply of cadmium to the market.

Production & Innovation:

• By-product recovery ensures environmentally conscious production

• Large-scale production capacity aligned with zinc output

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5️⃣ 6. Henan Yuguang Gold & Lead Group Co., Ltd.

Headquarters: Jiyuan, Henan, China
Key Offering: Cadmium Ingots, Lead, Gold, Silver, and other precious metals

Henan Yuguang is one of China’s largest integrated non-ferrous metals enterprises. Its comprehensive refining capabilities include the production of high-purity cadmium ingots, supplying both domestic Chinese industries and international markets.

Production & Innovation:

• Advanced smelting and electrolytic refining technologies

• Strong R&D focus on improving metal recovery rates and purity

Download FREE Sample Report: Cadmium Ingot Market – View in Detailed Research Report

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4️⃣ 7. Zhuzhou Smelting Group Co., Ltd.

Headquarters: Zhuzhou, Hunan, China
Key Offering: Cadmium Ingots, Zinc, Indium, and various rare metals

Zhuzhou Smelting Group is a globally recognized producer of non-ferrous metals, listed on the Shanghai Stock Exchange. The company’s sophisticated metallurgical processes yield high-quality cadmium as a by-product, making it a key player in the global supply chain.

Production & Innovation:

• World-class zinc smelting operations with high by-product recovery efficiency

• Committed to sustainable production practices and emission controls

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3️⃣ 8. Shaanxi Zinc Industry Co., Ltd.

Headquarters: Shangluo, Shaanxi, China
Key Offering: Cadmium Ingots, Zinc Alloys, Sulfuric Acid

As a subsidiary of the larger Shaanxi Non-ferrous Metals Group, Shaanxi Zinc Industry leverages extensive resources for zinc and associated metal production. Its cadmium output is a significant contributor to the regional and national supply in China.

Production & Innovation:

• Modern hydrometallurgical zinc plants

• Focus on comprehensive utilization of resources from ore to finished metal

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2️⃣ 9. Korea Zinc Co., Ltd.

Headquarters: Seoul, South Korea
Key Offering: Cadmium Ingots, Zinc, Lead, Precious Metals

Korea Zinc is one of the world’s largest zinc smelters, operating major facilities in South Korea and internationally. Its substantial zinc refining capacity naturally results in significant cadmium production, supplying high-quality ingots to advanced manufacturing sectors.

Production & Innovation:

• Pioneer in ISF (Imperial Smelting Furnace) and electrolytic process technology

• Strategic investments in cleaner production technologies

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1️⃣ 10. Nyrstar

Headquarters: Budel-Dorplein, Netherlands
Key Offering: Cadmium Ingots, Zinc, Lead, Silver

Nyrstar is a leading global multi-metals business, with mining and smelting operations across Europe, the Americas, and Australia. The company produces cadmium at several of its zinc smelters, adhering to strict international environmental and quality standards.

Production & Innovation:

• Integrated portfolio from mine to metal

• Strong focus on operational safety and environmental stewardship

Get Full Report Here: Cadmium Ingot Market – View in Detailed Research Report

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🌍 Outlook: The Sustainable and Specialized Future of Cadmium

The cadmium ingot market is navigating a complex landscape defined by environmental regulations and niche, high-value applications. While overall consumption faces pressure from substitution in some areas, demand remains robust in sectors where cadmium’s properties are unmatched, particularly in specialized industrial and aerospace applications.

📈 Key Trends Shaping the Market:

• Increasing focus on safe handling, recycling, and closed-loop systems to mitigate environmental impact

• Stable demand from the aerospace industry for corrosion-resistant coatings and alloys

• Technological advancements in nickel-cadmium battery efficiency for specific industrial uses

• Geographic shift in production capacity, with China reinforcing its position as the dominant producer

Get Full Report Here: Cadmium Ingot Market – View in Detailed Research Report

The companies listed above are not only supplying a critical industrial metal—they are innovating to ensure its responsible and sustainable use in the technologies of tomorrow.