News Release: July 30, 2025
Nickel Oxalate Price, Production, Latest News and Developments in 2025
For a detailed overview, visit: Nickel Oxalate price trend and production News
Nickel Oxalate Price Trend in Past Five Years and Factors Impacting Price Movements (2019–2024)
The global market for Nickel Oxalate has undergone significant fluctuations in the past five years. From 2019 to 2024, the average Nickel Oxalate price has seen both steep rises and temporary dips, influenced primarily by global supply chain challenges, mining activities, shifts in demand for battery-grade materials, and changes in nickel ore prices.
In 2019, the average Nickel Oxalate price hovered around $7,500/MT. The price remained relatively stable throughout the year due to balanced supply and demand. However, in 2020, the COVID-19 pandemic severely disrupted mining operations, particularly in Southeast Asia, causing a notable drop in production. Simultaneously, industrial demand slowed, pushing the price down to around $6,900/MT by the end of 2020.
2021 witnessed a strong rebound. As electric vehicle (EV) battery manufacturing resumed growth, demand for high-purity nickel compounds, including Nickel Oxalate, surged. This boosted prices to approximately $8,200/MT by Q3 2021. Concurrently, environmental regulations in China led to temporary production halts in several key chemical zones, contributing to tight supply conditions.
In 2022, the Nickel Oxalate price trend continued on an upward trajectory. Raw nickel prices saw major spikes due to geopolitical tensions and logistics bottlenecks. Nickel Oxalate followed suit, reaching nearly $9,100/MT in Q2 2022. The year closed with prices stabilizing slightly at around $8,600/MT.
2023 marked a period of consolidation. Although Nickel Oxalate production resumed at several plants across India and Indonesia, new demand from cathode material manufacturers in Europe offset the supply increase. As a result, prices averaged around $8,750/MT. Additional price support came from higher freight costs and exchange rate fluctuations, especially in Latin American export markets.
Now in early 2025, prices remain firm due to growing downstream demand and strategic stockpiling by major battery producers. Moreover, new applications in catalysis and ceramics have added pressure on available supply. The Nickel Oxalate price trend remains volatile, but most stakeholders expect higher average prices through the remainder of the year.
Nickel Oxalate Price Trend Quarterly Update in $/MT – 2025
- Q1 2025: $9,200/MT
- Q2 2025: $9,550/MT
- Q3 2025 (estimated): $9,700/MT
- Q4 2025 (projected): $9,950/MT
These figures reflect increased demand from the battery precursor industry and strategic restocking activities in the EU and Asia-Pacific markets. The Q2 surge is mainly attributed to increased Nickel Oxalate sales volume to South Korea and Japan.
Global Nickel Oxalate Import-Export Business Overview
The global Nickel Oxalate trade landscape has become more dynamic in 2025, with substantial shifts in supply routes, trade policies, and market demand. As of mid-2025, major exporting nations include China, India, and Russia, while leading importers remain Germany, South Korea, and the United States.
China continues to dominate Nickel Oxalate production, accounting for over 40% of global output. In 2024, China exported nearly 9,000 MT of Nickel Oxalate, and the figure is expected to surpass 10,500 MT in 2025 due to the expansion of refining capacity in Guangdong and Shandong provinces. The country has aggressively pushed exports to meet the raw material needs of battery industries abroad.
India has also increased its Nickel Oxalate production significantly. After commissioning new plants in Gujarat and Tamil Nadu in 2023, the country saw a 35% increase in production capacity. Indian exports in 2025 are expected to touch 4,500 MT, with the majority going to Germany, Brazil, and Japan. The Indian government’s incentives on specialty chemical exports have further boosted global competitiveness.
In contrast, Russia’s Nickel Oxalate export volume has dipped due to continuing trade sanctions and logistic constraints. Though domestic production remains high, reduced access to Western markets has redirected Russian exports toward Southeast Asia and the Middle East.
On the import side, Germany has emerged as the largest buyer of Nickel Oxalate in the European Union. The demand stems from the region’s aggressive EV battery infrastructure development. Germany imported nearly 6,200 MT in 2024 and is projected to exceed 7,000 MT in 2025. Close behind is South Korea, driven by its expanding cathode material sector. The country’s import volume is expected to grow by 15% this year.
The United States continues to import Nickel Oxalate primarily for use in specialty chemical synthesis and advanced material applications. However, import volumes are slightly lower than those in Europe and Asia due to domestic substitution strategies and rising local production.
Global trade patterns are increasingly being shaped by regional policies. For instance, the EU’s new regulatory framework on critical minerals is pushing for diversified sourcing strategies. This has led to an uptick in Nickel Oxalate imports from India and Indonesia.
In terms of Nickel Oxalate sales volume, 2025 is set to see a 12% growth globally compared to 2024. Much of this increase comes from Asia-Pacific, where sales volume is driven by battery material companies scaling up operations. In Japan, sales volumes have doubled from Q2 2024 to Q2 2025, showing how strategic Nickel Oxalate has become to the advanced materials sector.
Trade prices have shown consistency with production cost increases. Exporters have been able to maintain margins due to strong demand, particularly in Q2 2025, when average international trade prices climbed to around $9,550/MT. The Nickel Oxalate price trend for exports indicates a bullish market outlook for the remainder of 2025.
Furthermore, the Nickel Oxalate price news cycle in mid-2025 has focused on expanding global capacities and the formation of strategic joint ventures. A new Nickel Oxalate processing facility in Indonesia, announced in June 2025, is expected to come online in late 2026, which may ease price pressure in the long term. However, until that capacity becomes operational, the global supply remains tight.
Other developments in Nickel Oxalate news include the introduction of recycling-based production models in Canada and Germany. These circular economy initiatives are aimed at reducing dependency on mined nickel, but currently, they contribute less than 5% of total Nickel Oxalate sales volume.
Finally, geopolitical factors continue to influence trade routes and Nickel Oxalate price news. Tensions in the Red Sea and rising freight insurance premiums have led to a shift toward air freight for time-sensitive shipments, adding to cost structures in Q3 and Q4 of 2025.
As we approach the latter half of the year, analysts expect a stable to bullish Nickel Oxalate price trend, especially with seasonal inventory buildups ahead of winter production cycles in colder regions. Stakeholders across the value chain are watching closely for announcements on tariff adjustments, new mining quotas, and technological upgrades in refining processes, all of which may impact Nickel Oxalate production and trade volumes.
To request a free sample or explore further insights, visit: https://datavagyanik.com/reports/nickel-oxalate-market/
Nickel Oxalate Production Trends by Geography (2025)
In 2025, Nickel Oxalate production is witnessing considerable regional diversification, driven by increasing industrial demand and evolving supply chain dynamics. Various geographies have emerged as key producers, with production hubs expanding beyond traditional centers due to strategic investments, government policies, and the need to secure supply chains for battery-grade materials.
China remains the dominant player in global Nickel Oxalate production. With an extensive infrastructure for chemical synthesis and refining, China contributes more than 40% of the world’s total production. In 2025, capacity expansions in Shandong, Hubei, and Inner Mongolia have further strengthened the country’s position. China’s vertical integration across nickel mining, oxalate synthesis, and downstream battery applications enables cost-effective and large-scale output. The country’s new environmental compliance framework has also encouraged cleaner and higher-purity Nickel Oxalate production techniques.
India has emerged as a fast-growing production center. With new chemical clusters in Gujarat, Maharashtra, and Tamil Nadu being commissioned over the last three years, India’s Nickel Oxalate output has grown by over 30% between 2023 and 2025. These facilities cater both to the domestic electronics and ceramic sectors and to export markets such as Europe and East Asia. Low labor costs and favorable export incentives have made Indian producers increasingly competitive on the global stage.
Indonesia is developing into a significant producer due to its vast nickel ore reserves. Traditionally focused on nickel matte and laterite processing, Indonesian chemical manufacturers are now investing in downstream conversion into specialty nickel compounds like Nickel Oxalate. The government’s push for in-country value addition has encouraged foreign and joint-venture participation in this transformation. Although the production scale is currently smaller compared to China and India, growth projections for 2025–2027 indicate a steady rise.
Germany leads Nickel Oxalate production in Europe. Facilities in Saxony and Bavaria are using both primary nickel sources and recycled nickel to manufacture high-purity Nickel Oxalate for EV battery cathode precursors. The focus in Germany is on sustainability and process efficiency, often leveraging clean energy for chemical synthesis. Local production is supported by strong R&D institutions and a growing demand from the European automotive sector.
Russia also holds substantial production capacity, particularly in regions such as Norilsk and Murmansk. Russian chemical companies benefit from domestic nickel mining and a legacy of heavy industrial chemistry. However, ongoing geopolitical tensions and limited access to Western markets have somewhat isolated Russian producers. Much of the Nickel Oxalate production is redirected to the Middle East and parts of Southeast Asia, where demand continues to grow.
United States contributes a moderate share to global Nickel Oxalate production. Output is concentrated in chemical facilities in Texas, Louisiana, and parts of the Midwest. While domestic demand from the aerospace, catalyst, and ceramics industries supports production, the U.S. market still relies on imports for certain high-grade materials. Recent federal policies promoting reshoring of critical mineral processing may change the trajectory in the coming years.
South Korea and Japan focus on specialized, high-purity production intended for domestic use in electronics and energy storage. South Korea has ramped up output in Busan and Ulsan, often using imported raw nickel. Japan, known for its precision chemical manufacturing, maintains steady production levels that serve its semiconductor and battery sectors.
Globally, Nickel Oxalate production is projected to grow by over 10% in 2025, driven by escalating demand from electric vehicle batteries, energy storage devices, specialty coatings, and catalysts. Governments across multiple regions are focusing on strategic stockpiling and self-sufficiency in battery material supply, further supporting capacity expansion.
Nickel Oxalate Market Segmentation
- By Purity Level
- By Application
- By End-Use Industry
- By Region
1. By Purity Level:
- Technical Grade Nickel Oxalate
- Battery Grade Nickel Oxalate
- High-Purity Nickel Oxalate
Explanation:
Battery grade Nickel Oxalate has become the fastest-growing segment due to its critical role in lithium-ion battery cathodes. The rise of electric vehicles and energy storage systems has caused exponential demand for high-purity, low-impurity Nickel Oxalate. Battery manufacturers in China, South Korea, and Germany prefer this grade for optimal electrochemical performance. Meanwhile, technical grade is mostly used in ceramic pigments, catalysts, and plating chemicals. High-purity Nickel Oxalate is favored in niche applications such as laboratory reagents and advanced electronics.
2. By Application:
- Battery Materials
- Ceramic Pigments
- Electroplating
- Catalysts
- Chemical Intermediates
Explanation:
The battery materials segment dominates the market in 2025, accounting for more than 55% of total Nickel Oxalate sales volume. Its role as a nickel precursor in cathode chemistries like NMC (nickel-manganese-cobalt) has made it indispensable. With battery gigafactories coming online across Europe and Asia, demand continues to escalate. Electroplating is another significant segment, with Nickel Oxalate used in precision metal finishing for electronics and automotive parts. The catalyst application is showing steady growth, especially in fine chemicals and petroleum processing.
3. By End-Use Industry:
- Automotive (EV)
- Electronics
- Chemicals
- Energy Storage
- Aerospace
Explanation:
The automotive industry, specifically electric vehicles, represents the largest end-use industry for Nickel Oxalate in 2025. The material is used in battery components, and rising EV production is directly boosting consumption. The electronics sector also consumes substantial volumes, particularly for nickel-based conductive and insulating layers. The chemicals industry uses Nickel Oxalate as an intermediate in nickel salts and other specialty compounds. In the energy storage industry, demand is emerging from grid-level lithium-ion battery projects. Aerospace applications, though smaller in volume, require extremely high-quality Nickel Oxalate for specialized coatings and electronics.
4. By Region:
- Asia-Pacific
- Europe
- North America
- Latin America
- Middle East & Africa
Explanation:
Asia-Pacific is the largest regional market, accounting for over 60% of total Nickel Oxalate sales volume in 2025. The presence of top battery manufacturers, robust production infrastructure, and government support has accelerated growth. China, Japan, South Korea, and India lead both in production and consumption. Europe is the second-largest market, driven by green mobility initiatives and domestic battery supply chain development. Germany and France are the major consumers. North America remains a stable market, with gradual growth supported by domestic EV production and federal green energy policies. Latin America is an emerging market, particularly Brazil and Chile, where battery and electronics sectors are expanding. The Middle East & Africa region shows potential for future growth through partnerships and chemical industry diversification.