The Philippines leads nickel production with 347 thousand metric tons in 2023, followed by Canada at 236 and Russia at 222. New Caledonia, Australia, and Indonesia also remain significant producers with over 200 thousand metric tons each. Year-on-year, the sector has seen varied growth rates, with notable expansions likely in emerging markets like Indonesia. The five-year CAGR highlights sustained growth for top producers, except for traditional powerhouses which are stabilizing or experiencing slower growth.
Future trends hinge on:
- Eco-friendly mining practices.
- Increased demand from electric vehicle sectors.
- Geopolitical influences on supply from Russia and China.
- Technological innovations in extraction and processing.
Top countries in Top Nickel Producing Countries
| # | 10 Countries | Metric Tons | Last Year | |
|---|---|---|---|---|
| 1 | 1 Philippines | 347,000 | 2016 | |
| 2 | 2 Canada | 236,000 | 2016 | |
| 3 | 3 Russia | 222,000 | 2016 | |
| 4 | 4 New Caledonia | 207,000 | 2016 | |
| 5 | 5 Australia | 204,000 | 2016 | |
| 6 | 6 Indonesia | 199,000 | 2016 | |
| 7 | 7 Brazil | 160,000 | 2016 | |
| 8 | 8 China | 98,000 | 2016 | |
| 9 | 9 Guatemala | 54,000 | 2016 | |
| 10 | 10 Cuba | 51,600 | 2016 |
