According to GlobalData, the Philippines is the world’s second-largest producer of nickel in 2023, with output up by 1% on 2022. Over the five years to 2022, production from the Philippines increased by a CAGR of 1% and is expected to drop by a CAGR of 0.27% 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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The Philippines accounts for 11% of global production, with the largest producers being Indonesia, the Philippines, Russia and New Caledonia. Exports of nickel from the Philippines increased by 1% in 2023 over 2022, with the highest share being exported to China. The Philippines’s nickel exports are expected to drop at a CAGR of 0.24% between 2023 and 2027.
Sumitomo Metal Mining is one of the leading producers of nickel in the Philippines. In 2021, the company’s output was down by 5% over 2020.
For more detailed analysis of global nickel mining, buy the report here.
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