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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