According to GlobalData, Russia is the world’s third-largest producer of nickel, with output of 215kt in 2022, 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 other largest producers being Indonesia (39%), the Philippines (12%), New Caledonia (7%) and Australia (6%). Exports of nickel from Russia declined by 36.43% to 160kt 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, to 190kt by 2026.
MMC Norilsk Nickel is one of the leading producers of nickel in Russia. MMC Norilsk Nickel's output was 190.40kt in 2021, down by 18% on 2020.
For more detailed analysis of global nickel mining, buy the report here.