Thiochemical Companies

September 2023

With the introduction of premium assessments for nickel sulphate in Europe, Fastmarkets, the leading cross-commodity price reporting agency (PRA), makes a major contribution to increased transparency in the battery cathode market. In nickel-rich cathode lithium-ion batteries, specifically those with a nickel, manganese, and cobalt (NMC) chemistry, nickel sulphate is an essential component. A big step towards encouraging more openness in the market for battery raw materials is the price launch.

The decision by Fastmarkets to introduce these prices coincides with a forecast by their research team that EV battery demand will increase at a compound annual growth rate (CAGR) of 16% between 2023 and 2033. Demand in Europe is expected to rise by 12% to 790 GWh by that time.

The suite of nickel sulphate prices that Fastmarkets currently offers, which includes assessments for ex-works China, cif Japan, and South Korea, will be enhanced by the addition of these new assessments for Europe. The disparity in pricing also reflects the varying priorities of consumers around the world, as some markets seek to localise their supply chains.

August 2023

Milla Pharmaceuticals Inc., a division of the Alter Pharma Group, confirmed that its partner, Athenex Pharmaceutical Division (APD), has just commenced commercialising its FDA-approved abbreviated new drug application (ANDA) for its Generic Version of Magnesium Sulphate in Water for Injection, 2 g/50 mL (40 mg/mL), 4 g/100 mL (40 mg/mL), and 4 g/50 mL (80 mg/mL), in Non-PVC, Single-Patient Use Containers (Magnesium Sulphate Injection).

Magnesium sulphate injection is recommended for preeclampsia and eclampsia seizure prevention and control.  

Players Covered

Taizhou Sunny Chemical Co., Ltd (China), SHINYA CHEM (China), Arkema SA (France), Zhongke Fine Chemical Co., Ltd. (China), Affon Chemical Co., Ltd. (China), TORAY INDUSTRIES, INC. (Japan), Chevron Phillips Chemical Company (U.S.), Varsal (U.S.), HEBEI YANUO Bioscience Co., Ltd. (China), Uniwin Chemical Co., Ltd. (China), Oxon Italia S.p.A. (Italy), Thermo Fisher Scientific (U.S.), Merck KGaA (Germany), BRUNO BOCK Chemische Fabrik GmbH & Co. KG (Germany), and BASF SE (Germany)