According to GlobalData, Brazil is the world’s eighth-largest producer of nickel, with output of 108kt in 2022, up by 8% on 2021. Over the five years to 2021, production from Brazil increased by a CAGR of 5% and is expected to rise by a CAGR of 4% 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.
Brazil accounts for 4% of global production, with the other largest producers being Indonesia (39%), the Philippines (12%), Russia (8%) and New Caledonia (7%). Exports of nickel from Brazil increased by 8% to 129kt in 2022 over 2021, with the highest share being exported to China. Brazil’s nickel exports are expected to grow at a CAGR of 4% between 2022 and 2026, to 154kt by 2026.
Leading producers of nickel in Brazil are Anglo American and Vale. Anglo American's output was 30.23kt in 2021, down by 4% on 2020. Vale produced 24.96kt, a decrease of 22% on the previous year.
For more detailed analysis of global nickel mining, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Commodity Analyzer tracks production, consumption, imports and exports of 17 key commodities across 60 countries, whilst its Mines & Projects Database tracks over 30,000 mines and projects with 200+ data fields for each, including production, operating costs, equipment and key mine-site contacts.
