10 Top Nickel-producing Countries

Mining & Minerals - Evaluations / Other Metals

Jocelyn Aspa reports that while many expected the nickel price to continue to rise in 2015 on the back of Indonesian ban on unprocessed ore exports, it ultimately fell from $14,767 to $9,895 by September 2015. Overall, global nickel production increased slightly in 2015 compared to the previous year (2,450,000 tonnes vs. 2,530,000 tonnes). And as mentioned above, the nickel price declined in 2015, according to the U.S. Geological Survey (USGS). Decreased prices were attributed to declining growth rates for global production of austenitic stainless steal and commissioning of nickel refineries in Madagascar and Canada.

The ramp-up of production at ferronickel smelters in Brazil and New Caledonia also played a role. Despite weak prices and oversupply of nickel, companies continue to bring on new mining and processing projects in anticipation of a turnaround in the global economy. Here is a look at the 10 top nickel-producing countries from 2015, as reported by the USGS. 1. Philippines Mine production: 530,000 tonnes 2. Russia Mine production: 240,000 tonnes 3. Canada Mine production: 240,000 tonnes 4. Australia Mine production: 234,000 tonnes 5. New Caledonia Mine production: 190,000 tonnes 6. Indonesia Mine production: 170,000 tonnes 7. Brazil Mine production: 110,000 tonnes 8. China Mine production: 102,000 tonnes 9. Colombia Mine production:73,000 tonnes 10. Cuba Mine production: 57,000 tonnes, etc.

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