Dear users,
South Korea has traditionally been a major player in the global NCM battery industry and has also developed a substantial nickel sulphate production base using a variety of nickel-bearing feedstocks.
Nickel sulphate produced in South Korea is supplied not only to the domestic battery materials supply chain but also to overseas markets, with China accounting for the largest share of South Korea’s nickel sulphate exports. As a result, nickel sulphate trade between South Korea and China has become an important indicator for assessing the supply-demand balance and pricing structure of the Northeast Asian nickel sulphate market.
Against this backdrop, to proactively assess market shifts, deepen understanding of the global nickel sulphate supply chain, facilitate price discovery for South Korean nickel sulphate delivered to China, and enhance market transparency, SMM has decided:
Commencing August 7, 2026, SMM will officially launch one new price:
- SMM Battery-grade Nickel Sulphate, CIF China, USD/tonne
Details of this price point are as follows:
- Description: SMM Battery-grade Nickel Sulphate, CIF China, USD/tonne
- Quality: Ni22% min
- Quantity: Minimum 30 tonnes
- Definition: CIF Chinese main ports
- Brand Listing: Woojeon G&F etc.
- Timing: 1-2 Months
- Unit: USD/tonne
- Payment Terms: L/C/TT at sight in USD, other payment terms normalized
- Publication: Weekly, Friday 12:00pm Beijing Time