According to GlobalData, Canada is the world’s sixth-largest producer of nickel, with output of 146kt in 2022, up by 2% on 2021. Over the five years to 2021, production from Canada decreased by a CAGR of 9.6% and is expected to rise by a CAGR of 9% between 2022 and 2026. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its report. Buy the report here.
Canada accounts for 5% of global production, with the other largest producers being Indonesia (39%), the Philippines (12%), Russia (8%) and New Caledonia (7%). Exports of nickel from Canada increased by 2% to 86kt in 2022 over 2021, with the highest share being exported to Finland. Canada’s nickel exports are expected to grow at a CAGR of 9% between 2022 and 2026, to 123kt by 2026.
Leading producers of nickel in Canada are Vale and Glencore. Vale's output was 72.55kt in 2021, down by 22% on 2020. Glencore produced 52.82kt, a decrease of 7% on the previous year.
For more detailed analysis of nickel in Canada, buy the report here.