The ongoing closure of the Strait of Hormuz has significantly reduced the supply of sulphur, essential for producing sulphuric acid used in extracting battery-grade nickel and lithium. In April, only 30,000 metric tons of sulphur were transported through the strait, down from an average of 1.27 million tons per month before the conflict. This supply disruption has led to soaring sulphur prices and raised concerns among mining executives about the availability of sulphuric acid for battery metal production.
Sign in to access complete coverage, AI analysis, and related companies.
Sign In to Continue