According to GlobalData, Russia is the world’s third-largest producer of nickel in 2022, with output up by 7% on 2021. Over the five years to 2021, production from Russia decreased by a CAGR of 2.32% and is expected to drop by a CAGR of 0.27% 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.

Russia accounts for 8% of global production, with the largest producers being Indonesia, the Philippines, New Caledonia and Australia. Exports of nickel from Russia declined by 36.43% in 2022 over 2021, with the highest share being exported to Switzerland. Russia’s nickel exports are expected to grow at a CAGR of 4% between 2022 and 2026.

MMC Norilsk Nickel is one of the leading producers of nickel in Russia. In 2021, the company’s output was down by 18% over 2020.

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.