LOW-CARBON NICKEL SULFATE MARKET

INTRODUCTION

 A crucial raw material for the production of cathode materials used in electric vehicle batteries is high-quality low-carbon nickel sulphate material.This agreement for locally produced nickel sulfate enables the industry to meet the growing demand for cathode materials from its customers in the region against the backdrop of an accelerating transition to electromobility in Europe.

This will cover a significant portion of Umicore's cathode materials plant in Poland's future nickel requirements. The very first gigafactory for cathode materials in Europe, this facility is fully powered by renewable electricity and has begun production.

The high-quality European-sourced battery materials will be protected by the European value chain in accordance with the leading global sustainability principles and environmental and human rights principles.In addition, the goal of decarbonizing the battery materials value chain placed a high priority on the low carbon footprint of the processes.

LOW-CARBON NICKEL SULFATE MARKET SIZE AND FORECAST

The Global low-carbon nickel sulfate market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

LOW-CARBON NICKEL SULFATE MARKET NEW PRODUCT LAUNCH

Stellantis N.V. and Terrafame Ltd. announced that they had signed a supply agreement for nickel sulfate, which will be used in the batteries of electric vehicles (EVs). Over the course of the agreement's five years, Finland-based Terrafame will supply Stellantis with nickel sulfate.

Stellantis' aggressive electrification strategy includes the Terrafame agreement, which will cover a significant portion of the requirements for sustainable regionally sourced nickel.

Stellantis announced in its Dare Forward strategic plan that by 2030, it aims to have passenger cars and light-duty trucks account for 50% of the passenger car and BEV sales mix in the United States and 100% in Europe.

Stellantis intends to invest more than €30 billion in electrification and software development through 2025 in order to provide its customers with clean, safe, and affordable mobility. It also intends to be 30% more efficient than the industry in terms of total Capex and R&D spending compared to revenues.

In Finland, Terrafame manages one of the largest battery chemical plants in the world for EV batteries. Terrafame's production is fully traceable thanks to an integrated process that begins in its own mine and ends with battery chemicals on a single industrial site.

In addition, Terrafame's nickel sulfate has one of the lowest carbon footprints in the industry thanks to its distinctive manufacturing process.

LOW-CARBON NICKEL SULFATE MARKET COMPANY PROFILE

• Stellantis
• Terrafame
• Umicore
• Vale
• GM

LOW-CARBON NICKEL SULFATE MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many low-carbon nickel sulfate are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global low-carbon nickel sulfate and key vendor selection criteria
3. Where is the low-carbon nickel sulfate manufactured? What is the average margin per unit?
4. Market share of Global low-carbon nickel sulfate market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global low-carbon nickel sulfate in-house
6. key predictions for next 5 years in Global low-carbon nickel sulfate market
7. Average B-2-B low-carbon nickel sulfate market price in all segments
8. Latest trends in low-carbon nickel sulfate market, by every market segment
9. The market size (both volume and value) of the low-carbon nickel sulfate market in 2024-2030 and every year in between?
10. Production breakup of low-carbon nickel sulfate market, by suppliers and their OEM relationship