Cosmo Chemical Signs Battery Material Supply Deal With World's Largest Precursor Producer

Published: Feb 23, 2026 22:04

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South Korean company Cosmo Chemical announced on the 23rd that it has signed a memorandum of understanding (MOU) with a producer located in Indonesia—affiliated with a Chinese group that holds the world’s largest market share in ternary precursor materials—to establish a long-term supply partnership for battery-grade nickel sulfate and cobalt sulfate. Under the agreement, from this year through 2030 the two parties will cooperate on the stable procurement and supply of battery-grade nickel and cobalt sulfate, with planned annual deliveries of approximately 2,000 tons. Based on current market prices, the total value could reach up to KRW 200 billion.

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