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Production of Nickel in Brazil, 2020 - 2028 (Thousand Tonnes)

  • Production of Nickel in Brazil reached 82.74Thousand Tonnes in 2023

  • Production grew by a CAGR of 2.38% between 2020 to 2023,and is expected to grow by...

  • GlobalData projects the production to grow at a CAGR of...

Production of Nickel in Brazil, 2020 - 2028 (Thousand Tonnes)

Published: Apr 2024
Source: GlobalData

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Nickel production in Brazil 

Brazil nickel reserves 

According to the US Geological Survey (USGS), Brazil accounted held at a significant position of global nickel reserve. The Brazilian states of Goias and Bahia contains some of the country’s significant nickel deposits at the Barro Alto and Santa Rita mines respectively. Nickel deposits at the Santa Rita mine have sulfide mineralization with average thickness. 

The Brazilian Mining Industry – Governing Bodies  

  • Ministry of Mines and Energy (MME) 
  • National Department of Mineral Production (DNPM) 
  • Brazil Geological Survey (CPRM) 
  • Ministry of Science Technology and Innovation (MCTI) 
  • Industrias Nucleares do Brasil SA (INB) 

Global nickel production 

Global nickel mine production held a significant position in 2021 after registering a decline in previous year, amid the COVID-19 pandemic. Output from Indonesia, the Philippines and Brazil will be significant contributors to overall growth. In contrast, production is expected to decline in Russia, South Africa and Finland, owing to lower production from Oktyabrsky and Taimyrsky mines and the planned closure of African Rainbow Minerals’ Nkomati mine in 2021. 

Global nickel producers 

Vale SA 

Vale SA is a Brazilian metal and mining company and is one of the world’s largest nickel producers. Besides nickel, the company also produces and exports iron ore, copper, manganese ore, ferroalloys, metallurgical and thermal coal, cobalt, platinum-group metals (PGMs) and other precious metals such as gold and silver. It operates logistics systems in Brazil and other regions of the world, including railroads, maritime terminals and ports. The company owns and operates a distribution center to support the delivery of iron ore worldwide. It also invests in energy and steel businesses through its affiliates and joint ventures. 

Glencore Plc 

Glencore remained the fourth largest nickel producer in the world. Besides nickel, the company also produces lead, copper, aluminum, zinc, iron ore, oil products, coal, wheat, corn, barley rice, oilseeds, sugar, canola, ferroalloys and cobalt. The company's operations include the refinement, processing, storage and transportation of metals and minerals, as well as energy and agricultural products. 

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