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.