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. Indonesia is currently the largest producer with production increasing from 232,000 tonnes in 2010 to 1.6 million tonnes in 2022. The second largest producing country is the Philippines. They were the worlds leading producer from 2011-2017 before leveling off in the 350,000 tonnes range since then. Russia’s production has remained relatively stable in the 250,000 tonnes range*, while Australia and other countries have experienced slight declines.

* Note that Russian production of nickel is not under sanction.

Source: US Geological Survey