Global Nickel Mining to 2024 – Updated with Impact of COVID-19

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Global nickel mine production is expected to decline by 7.4% in 2020, to reach 2,195 thousand tonnes (kt), due to temporary suspensions of mines and mining activities, in the midst of the COVID-19 pandemic, along with the advancement of Indonesia’s export ban from 2022 to 2020. In contrast, notwithstanding the challenges caused by the COVID-19 pandemic, production in New Caledonia and Brazil is expected to increase by a combined 6.9% in 2020 over the previous year, mainly upheld by the resumption of commercial production at the Santa Rita mine in Brazil, which was previously halted in 2015 due to low nickel prices coupled with higher production from Vale’s Goro nickel project in New Caledonia. Looking ahead, global nickel mine production over the forecast period (2021-2024) is expected to recover at a compound annual growth rate (CAGR) of 4.2%, to reach 2,638kt in 2024. Indonesia, Australia, the Philippines and Canada will be the key contributors to this growth.


The report contains an overview of global nickel mining industry including key demand driving factors affecting the global nickel mining industry. It provides detailed information on reserves, reserves by country, production, production by country, production by company, major operating mines, major exploration and development projects, demand and trade.

Reasons to Buy

To gain an understanding of the global nickel mining industry, including relevant drivers and the impact of COVID-19

To understand historical and forecast trends in global nickel production, consumption and trade

To assess the size and expected growth in the global stainless steel and EV markets and how they will drive nickel production

To gain an overview of the Indonesian Nickel Pig Iron (NPI) Market

To identify the key players in the global nickel mining industry

To gain a complete view of all major active, exploration and development projects

D.M. Consunji
Inc. (DMCI) Holding Inc.
MMC Norilsk Nickel
PT Indonesia Asahan Aluminium (Persero) (INALUM)
Vale SA and Nickel Asia Corp.

Table of Contents

1. Executive Summary

2. Reserves, Production and Prices

2.1 Global Nickel Reserves by Country

– Indonesia

– Australia

– China

– Russia

– Cuba

2.2 Nickel Production

– Production by country

– Indonesia

– Philippines

2.3 Nickel Prices

3. Nickel Assets

3.1 Active Mines


– Europe

– Former Soviet Union

– Middle East and Africa

– North America

– Oceania

– South and Central America

3.2 Exploration Projects


– Europe

– Middle East and Africa

– North America

– Oceania

– South and Central America

3.3 Development Projects


– Europe

– Former Soviet Union

– Middle East and Africa

– North America

– Oceania

– South and Central America

4. Demand and Trade

4.1 Global Nickel Trade

4.2 Global Nickel Demand

– Demand from the Stainless Steel Market

– Indonesian Nickel Pig Iron (NPI) Market

– Electric Vehicle Production

5. Major Nickel Producers

5.1 D.M. Consunji, Inc. (DMCI) Holding Inc.

5.2 MMC Norilsk Nickel

5.3 PT Indonesia Asahan Aluminium (Persero)

5.4 Vale SA

5.5 Nickel Asia Corporation

6. Appendix

6.1 Abbreviations

6.2 Methodology

6.3 Coverage

6.4 Secondary Research

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