According to GlobalData, Russia is the world’s third-largest producer of nickel in 2023, with output down by 0.52% on 2022. Over the five years to 2022, production from Russia decreased by a CAGR of 5.17% and is expected to rise by a CAGR of 4% 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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Russia accounts for 7% of global production, with the largest producers being Indonesia, the Philippines, Russia and New Caledonia. Exports of nickel from Russia increased by 2% in 2023 over 2022. Russia’s nickel exports are expected to drop at a CAGR of 1.14% between 2023 and 2027.
MMC Norilsk Nickel is one of the leading producers of nickel in Russia. In 2021, the company’s output was up by 13% over 2020.
For more detailed analysis of global nickel mining, buy the report here.
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