The effects of the cooling rate, atmosphere and holding time on the graphite morphology of spheroidal graphite cast iron were studied using Ni-C alloys. Two groups of parent alloys were prepared using high purity materials, i.e., Group 1 containing the spheroidizing element of Ce, Mg or Ca, while in Group 2, S was added as an anti-spheroidizing element. For discussing the influence of the cooling rate on the graphite morphology, 0.5g of the Group 1 samples were melted and held for 15 minutes at 1673K in an Ar atmosphere, then cooled at 1000K/min or 20K/min. The results showed that perfect spheroidal graphite could not be confirmed, while irregular graphite appeared. The atmosphere was changed to Ar+3%H2 for preventing the oxidation, and the holding time was reduced to 10 minutes to prevent fading of the spheroidizing element. These results showed that the formation of spheroidal graphite was confirmed at the cooling rate of 1000K/min in both groups. Nevertheless, at the cooling rate of 20K/min, graphite morphology was only chunky or flake in both groups. In order to investigate which parameter is more important for the formation of spheroidal graphite, the atmosphere and the holding time were independently changed at the cooling rate of 1000K/min. It was found that the addition of the 3%H2 did not significantly affect the spheroidal graphite formation. Moreover, the holding times of 1min and 20min also did not significantly affect the spheroidal graphite area fraction in the Ni-C alloy, while they affected the ones containing the spheroidizing elements like Mg.