Global Nickel Production

December 25, 2023

Global nickel production has generally been in an upward trend growing from over 1.5 million tonnes in 2010 to 3.3 million tonnes in 2022.

Nickel Price

December 25, 2023

Annual nickel prices have exhibited varying trends between 2010 to 2023. Prices generally trended downward from 2010 through 2016 going from over USD $20,000 per tonne to about USD $10,000. Nickel hit a low of just USD $8300 in early 2016.

Nickel For BEV Batteries

December 25, 2023

The amount of nickel used in batteries for various types of vehicles has increased from essentially nothing in 2010 to over 100,000 tonnes in 2022. This increase reveals the significant increase in the adoption of electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs).

Global Nickel Reserves

December 25, 2023

Total global resources of Nickel are estimated to by about 300 million tonnes. Of this total resource, there is just over 102 million tonnes of proven reserves.