According to GlobalData, Brazil is the world’s eighth-largest producer of nickel in 2023, with output down by 7.66% on 2022. Over the five years to 2022, production from Brazil increased by a CAGR of 3% and is expected to rise by a CAGR of 8% between 2023 and 2027. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Global Nickel Mining to 2030 report. Buy the report here.
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Brazil accounts for 2% of global production, with the largest producers being Indonesia, the Philippines, Russia and New Caledonia. Exports of nickel from Brazil increased by 2% in 2023 over 2022, with the highest share being exported to Finland. Brazil’s nickel exports are expected to grow at a CAGR of 8.72% between 2023 and 2027.
Leading producers of nickel in Brazil are Anglo American and Vale. During 2020-2021, Anglo American's output was up by 32%, Vale's output increased by 7%.
For more detailed analysis of global nickel mining, buy the report here.
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