The Global Cobalt(II) Chloride market was valued at USD 281.5 Million in 2024 and is projected to reach USD 396.2 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period (2024–2030). This growth is primarily driven by the expanding demand from the battery sector, particularly for lithium-ion batteries, alongside steady consumption in traditional applications like catalysts, pigments, and animal feed additives.

As global industries pivot towards electrification and sustainable technologies, the strategic importance of cobalt compounds has surged. Cobalt(II) Chloride, a vital precursor and specialty chemical, is at the heart of this transformation. In this blog, we profile the Top 10 Companies in the Cobalt(II) Chloride Industry—a group of mining giants, chemical processors, and specialized manufacturers ensuring the supply chain for this critical material.

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🔟 1. Umicore

Headquarters: Brussels, Belgium
Key Offering: High-Purity Cobalt(II) Chloride, Battery-Grade Cobalt Salts

Umicore is a global materials technology and recycling group, and a leading supplier of cobalt-based chemicals for the battery value chain. Its cobalt salts are essential for producing cathode active materials (CAM) for electric vehicles and energy storage systems.

Sustainability Initiatives:

• Pioneering closed-loop recycling for cobalt from spent batteries
• Commitment to carbon-neutral operations by 2035
• Supply chain due diligence and responsible sourcing protocols

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9️⃣ 2. Huayou Cobalt

Headquarters: Tongxiang, Zhejiang, China
Key Offering: Industrial and Battery-Grade Cobalt(II) Chloride

Huayou Cobalt is one of the world’s largest cobalt producers and refiners, with extensive mining operations and processing facilities. The company is a key supplier to the global lithium-ion battery industry.

Sustainability Initiatives:

• Major investments in refining capacity to meet EV demand
• Implementing ESG standards across its supply chain
• Developing partnerships for sustainable cobalt sourcing

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8️⃣ 3. GEM Co., Ltd.

Headquarters: Shenzhen, Guangdong, China
Key Offering: Cobalt(II) Chloride, Recycled Cobalt Products

GEM is a leader in the circular economy, specializing in recycling waste materials, including batteries, to recover valuable metals like cobalt. It is a major producer of cobalt chemicals from both primary and secondary sources.

Sustainability Initiatives:

• World’s largest producer of recycled cobalt
• Core business model focused on urban mining
• Strategic alliances with global battery and automotive makers

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7️⃣ 4. Freeport Cobalt

Headquarters: Kokkola, Finland
Key Offering: High-Purity Cobalt(II) Chloride, Cobalt Oxides

Freeport Cobalt, part of the Freeport-McMoRan group, operates one of the world’s largest and most advanced cobalt refineries in Kokkola, Finland. It supplies high-purity products to chemical, ceramic, and battery markets.

Sustainability Initiatives:

• Adherence to stringent EU environmental and safety regulations
• Investment in process efficiency and emission reduction
• Transparent and traceable supply chain management

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Cobalt(II) Chloride Market – View in Detailed Research Report

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6️⃣ 5. Zhangjiagang Huayi Chemical Co. Ltd.

Headquarters: Suzhou, Jiangsu, China
Key Offering: Industrial Grade Cobalt(II) Chloride, Cobalt Carbonate

Zhangjiagang Huayi Chemical is a prominent Chinese manufacturer of basic inorganic cobalt salts. The company serves a wide range of industries, including pigments, dyes, catalysts, and feed additives.

Sustainability Initiatives:

• Focus on production process optimization to minimize waste
• Compliance with national environmental protection standards
• Expanding product portfolio to serve evolving market needs

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5️⃣ 6. Jinchuan Group International Resources Co. Ltd.

Headquarters: Jinchang, Gansu, China
Key Offering: Cobalt Metal, Cobalt(II) Chloride, Cobalt Sulfate

Jinchuan Group is a major nickel and cobalt producer in China, with integrated mining, smelting, and chemical processing operations. It is a key player in the global non-ferrous metals market.

Sustainability Initiatives:

• Vertical integration from mine to refined chemical products
• Investment in clean production technologies
• Active participation in industry associations for responsible sourcing

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4️⃣ 7. Nantong Xinwei

Headquarters: Nantong, Jiangsu, China
Key Offering: Cobalt(II) Chloride Hexahydrate, Cobalt Oxide

Nantong Xinwei is a specialized chemical company focused on the production of cobalt salts. It supplies products for applications in catalysts, batteries, and electronic materials.

Sustainability Initiatives:

• Emphasis on product quality and consistency for high-tech applications
• Adoption of energy-efficient manufacturing processes
• Strengthening R&D for new cobalt-based compounds

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3️⃣ 8. Ganzhou Tengyuan Cobalt New Material

Headquarters: Ganzhou, Jiangxi, China
Key Offering: Battery-Grade Cobalt(II) Chloride, Cobalt Sulfate

Located in a region known for rare earth and strategic metals, Ganzhou Tengyuan is a growing force in the cobalt chemicals market, with a strong focus on materials for the new energy sector.

Sustainability Initiatives:

• Strategic positioning within China’s battery materials hub
• Investment in capacity expansion to cater to EV boom
• Focus on producing high-value, battery-grade products

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2️⃣ 9. Hebei Kingway

Headquarters: Hebei, China
Key Offering: Feed Grade Cobalt(II) Chloride, Industrial Grade Salts

Hebei Kingway Chemical Technology specializes in producing cobalt chloride primarily for the animal nutrition industry, where it is used as a micronutrient in feed for ruminants.

Sustainability Initiatives:

• Specialization in high-purity feed-grade additives
• Ensuring product safety and compliance with agricultural standards
• Meeting the nutritional needs of the livestock industry

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1️⃣ 10. Jiana Energy

Headquarters: Ningxia, China
Key Offering: Cobalt(II) Chloride, Nickel & Cobalt Salts

Jiana Energy is a key manufacturer in China’s western region, producing cobalt and nickel salts for various industrial applications, contributing to the regional supply chain for battery materials.

Sustainability Initiatives:

• Leveraging regional resources for chemical production
• Contributing to the development of the new energy industry cluster
• Focus on cost-effective production for competitive positioning

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🧪 Outlook: The Future of Cobalt(II) Chloride Is Tied to Technology and Sustainability

The Cobalt(II) Chloride market is experiencing a fundamental shift. While traditional sectors like pigments and catalysts continue to provide a stable demand base, the explosive growth of the electric vehicle industry is reshaping the market’s future. The focus is increasingly on sustainable and ethical sourcing, supply chain transparency, and technological innovation in refining processes.

📈 Key Trends Shaping the Market:

• Rising demand from the lithium-ion battery sector, particularly for NMC and NCA chemistries
• Increased scrutiny and regulations around Artisanal and Small-Scale Mining (ASM) sourcing
• Growth in battery recycling, creating a secondary source for cobalt compounds
• Geopolitical factors influencing supply chain security and pricing

Get Full Report Here:
Cobalt(II) Chloride Market – View in Detailed Research Report

The companies listed above are not only supplying a critical industrial chemical—they are enabling the global transition to clean energy and advanced technologies.