Russia Nickel Mining to 2023

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Russia produced 221.9kt of nickel in 2018 – up by a marginal 0.4%, owing to increased production from the country’s largest nickel producer, MMC Norilsk Nickel. The company’s total nickel output was 158kt, up by 609t over 2017, owing to a marginal increase in output from Kola MMC. During the first nine months of 2019, the company’s consolidated nickel production reached 167kt, a 6% increase compared with the same period in 2018. The growth was mainly due to increased shipments of high-grade matte from the Polar Division and enhanced productivity at Kola MMC. The country’s nickel mine production is expected to grow at a CAGR of 2.2% over the forecast period (2019–2023), to reach 243.7kt in 2023, due to the planned commencement of several upcoming projects, including the Kun-Manie and Monchetundra projects.


The report analyses Russia's nickel mining industry, with details of reserves, production trends and forecasts, the competitive landscape and a listing of the major active, exploration and development projects.

Reasons to Buy

• To gain an understanding of Russia's nickel mining industry, relevant driving factors

• To understand historical and forecast trend on country's nickel production, consumption and exports

Table of Contents

1 Table of Contents

1.1 List of Tables

1.2 List of Figures

2 Executive Summary

3 Russia Nickel Mining: Reserves, Production, Consumption, and Exports

3.1 Nickel Reserves by Country

3.2 Historical and Forecast Production

3.2.1 Nickel prices

3.3 Active Mines

3.4 Exploration Projects

3.5 Development Projects

3.6 Consumption vs. Exports

3.7 Factors Affecting the Demand for Nickel

3.7.1 Domestic smelting and refining facilities

3.7.2 Demand from China’s stainless steel industry

3.7.3 Growing importance of nickel in lithium-ion-batteries

4 Competitive Landscape

4.1 MMC Norilsk Nickel (Norilsk Nickel)

5 Fiscal Regime

5.1 Governing Bodies

5.1.1 Ministry of Natural Resources and Environment of the Russian Federation

5.2 Mining Laws

5.2.1 Law of the Russian Federation on Subsoil (The Subsoil Law 1992)

5.2.2 Federal Law of the Russian Federation on Production Sharing Agreements

5.2.3 Federal Law on Precious Metals and Stones

5.3 Ownership and Licenses

5.3.1 Subsoil Ownership

5.3.2 Licenses

5.3.3 Termination of Subsoil License

5.4 Mining Rights and Obligations

5.4.1 Mining Rights

5.4.2 Mining Obligations

5.5 Taxes and Royalties

5.5.1 Federal Level

5.5.2 Regional Level

5.5.3 Municipal Level

5.5.4 Depreciation and Amortization

6 Appendix

6.1 Abbreviations

6.2 Methodology

6.3 Coverage

6.4 Secondary Research

6.5 Contact Us

6.6 Disclaimer


Table 1: Russia Nickel Mining – Nickel Reserves by Country (Million Tonnes), February 2019

Table 2: Russia Nickel Mining – Top Active Mines by Total Ore Reserves and Nickel Grade (Million Tonnes), 2019

Table 3: Russia Nickel Mining – Historical and Forecast Nickel Mine Production (Thousand Tonnes), 2003–2023

Table 4: World Nickel Prices, Quarterly (US$/Tonne), 2014–2019

Table 5: Russia Nickel Mining – Active Mines, 2019

Table 6: Russia Nickel Mining – Exploration Projects, 2019

Table 7: Russia Nickel Mining – Development Projects, 2018

Table 8: Russia Nickel Mining – Nickel Consumption vs Exports of Nickel Ores and Concentrates (Thousand Tonnes), 2003–2023

Table 9: Russia Nickel Mining – China’s Stainless Steel Production (Thousand Tonnes), 2010–2018

Table 10: Russia Nickel Mining – MMC Norilsk Nickel, Major Projects, 2019

Table 11: Russia’s Mining Fiscal Regime – Corporate/Business Taxes, 2019

Table 12: Russia’s Mining Fiscal Regime – Mineral Extraction Tax Rate, 2019

Table 13: Russia’s Mining Fiscal Regime – State Duty Tax Rates, 2019

Table 14: Russia’s Mining Fiscal Regime – Transport Tax Rate, 2019

Table 15: Russia’s Mining Fiscal Regime – Amortization Groups and Norms, 2019


Figure 1: Russia Nickel Mining – Nickel Reserves by Country (%), February 2019

Figure 2: Russia Nickel Mining – Historical and Forecast Nickel Mine Production (Thousand Tonnes) vs Number of Operating Mines, 2003–2023

Figure 3: World Nickel Prices, Quarterly (US$/Tonne), 2014–2019

Figure 4: Russia Nickel Mining – Nickel Consumption vs Exports of Nickel Ores and Concentrates (Thousand Tonnes), 2003–2023

Figure 5: Russia Nickel Mining – Global Nickel Consumption by End Use (%), 2018

Figure 6: Russia Nickel Mining – China’s NPI Production (Thousand Tonnes), 2013–2020

Figure 7: Russia Nickel Mining – China’s Stainless Steel Production (Thousand Tonnes), 2010–2018

Figure 8: Russia Nickel Mining – NCA and NMC Battery Cathode Composition, 2019

Figure 9: Russia Nickel Mining – Share of Nickel in Lithium-ion Batteries, 2016–2025

Figure 10: Russia Nickel Mining – Total number of EVs in China (Million Units), 2014–2018

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