Asia
Battery-grade nickel sulfate prices in Asia remained largely stable to firm during Q1’26, supported by a combination of feedstock costs and evolving supply dynamics. Indonesia’s sulfur imports exceeded 5.2 million mt in 2025, rising 44.0% year-on-year, reflecting the continued expansion of HPAL projects and nickel intermediate production. Sulfur exports to Indonesia from Gulf suppliers also increased by 29.0%, highlighting the region’s growing reliance on imported raw materials. Rising costs for nickel intermediates, sulfuric acid, energy, and logistics provided underlying support to production economics. However, subdued demand from China’s NMC battery sector and the continued shift toward LFP batteries limited buying activity and prevented sharper price increases.
Europe
During Q1’26, the Europe Nickel Sulfate (Battery Grade) market saw stable-to-firm mainly due to upstream cost pressure rather than strong demand. The region remained exposed to nickel intermediate and chemical feedstock availability, while higher freight, insurance, and energy costs after the Iran war and Strait of Hormuz disruption raised landed costs. Battery manufacturers stayed cautious as nickel-rich cathode demand softened, particularly during the later part of the quarter.
North America
In North America, the Nickel Sulfate (Battery Grade) market followed a similar trend with supply-chain risk and rising processing costs supporting market sentiment. Demand from battery production remained selective while buyers avoided large-volume procurement due to weak nickel-rich battery momentum. Higher logistics costs and uncertainty in imported battery raw material flows kept regional procurement cautious.
Analyst Insight
According to Procurement Resource, Nickel Sulfate (Battery Grade) prices may remain rangebound with firm cost support in the near term. Any recovery in NMC battery demand or any logistical disruption in upstream sulfur and MHP supply could strengthen the market.
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Battery-grade nickel sulfate is a high-purity nickel salt primarily used in the production of lithium-ion battery cathode materials, particularly NMC (Nickel Manganese Cobalt) and NCA (Nickel Cobalt Aluminum) chemistries. The material contains ultra-low impurity levels to meet battery performance requirements and is considered a key raw material for electric vehicle battery manufacturing.
NiSO4·6H2O
Umicore, Jinchuan Group, GEM Co., Ltd., Huayou Cobalt, CNGR Advanced Material, Sumitomo Metal Mining, Norilsk Nickel
Nickel Sulfate Hexahydrate, Nickel(II) Sulfate Hexahydrate, Nickelous Sulfate Hexahydrate, Battery Grade Nickel Sulfate, NiSO4·6H2O.
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
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Battery-grade nickel sulfate is typically produced by leaching nickel-containing intermediates such as mixed hydroxide precipitate (MHP), nickel matte, or refined nickel metal with sulfuric acid. The resulting solution undergoes purification to remove impurities such as iron, copper, zinc, and cobalt. The purified liquor is then concentrated and crystallized to obtain high-purity nickel sulfate hexahydrate suitable for battery cathode precursor manufacturing.
Nickel sulfate (battery grade) is used in lithium-ion battery cathode precursor production, especially for NMC and NCA batteries. It supports electric vehicle battery manufacturing, energy storage systems, and consumer electronics batteries. It is also used in nickel-based specialty chemicals and advanced electrochemical applications.
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