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3.3

million metric tons

Global Production

USGS – Mineral Commodity Summaries 2024

+22.2%

YOY % Change


Provenance

Major nickel-producing countries include Indonesia, the Philippines, Russia, and Canada. Nickel is often found in laterite and sulfide ores, with significant mining operations in Indonesia’s Sulawesi Island, the Philippines’ Palawan, and Russia’s Norilsk region.

Impact

Nickel is crucial for stainless steel production and is increasingly important for battery technology, particularly in electric vehicles. The shift towards electric mobility is driving demand for nickel, making its supply chain critical.

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