According to GlobalData, Australia is the world’s fifth-largest producer of nickel, with output of 159kt in 2022, up by 6% on 2021. Over the five years to 2021, production from Australia decreased by a CAGR of 5.03% and is expected to rise by a CAGR of 10% between 2022 and 2026. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Global Nickel Mining to 2026 report. Buy the report here.
Australia accounts for 6% of global production, with the other largest producers being Indonesia (39%), the Philippines (12%), Russia (8%) and New Caledonia (7%). Exports of nickel from Australia increased by 5% to 228kt in 2022 over 2021, with the highest share being exported to China. Australia’s nickel exports are expected to grow at a CAGR of 9% between 2022 and 2026, to 317kt by 2026.
Leading producers of nickel in Australia are BHP and Glencore. BHP's output was 82.10kt in 2021, down by 10% on 2020. Glencore produced 33.79kt, a decrease of 7% on the previous year.
For more detailed analysis of global nickel mining, buy the report here.