Global Nickel Mining to 2020

Nickel plays a vital role in the production of stainless steel and a substantial proportion of stainless steel produced globally in 2013 originated in Asia, followed by the EU and the Americas. Mine production in 2013 was 2.3 million tonnes, an increase on 2012, with Indonesia being the largest producer, followed by the Philippines and Russia.

The global nickel mining industry in 2013 was characterised by a situation of oversupply, especially as new facilities commenced production. However, with Indonesian supplies coming to a halt at the beginning of 2014, the prospects have brightened. Up to 2007, global nickel mine production had grown strongly with nickel prices reaching a high of US$50,000 per tonne. That was followed by a sharp dip in prices at the end of 2008 to US$10,000 per tonne on account of the global financial crisis, before prices rose again in 2010 to 2011 due to an improving global economy. However, there are still large global inventories and increased mine production is likely to further add to global stocks. For the forecast period of 2014 to 2020, global nickel mine production is forecast to rise, supported by upcoming stainless steel projects and demand from plants in Asia.

Approximately 70% of nickel resources are laterites, and the majority of the nickel to be produced over 2014 to 2020 is expected to be extracted from laterite ores. The average nickel content in laterite ores varies, with contrasting grades available from mines involved in production. Further to laterite ores, the industry should take advantage of rising prices to push discoveries of sulphide ores, with many of the sulphide projects now likely to be economically viable.

Scope

An overview of the competitive landscape of the global nickel mining industry.

An analysis of the key growth factors and restraints affecting the global industry.

Key intelligence on reserves by geographical region and mine, with grade and mine life expectancy.

Global nickel consumption by region and prices forecast to 2020.

Analysis of major nickel exports and imports by country.

Intelligence on leading active mines, in addition insight on those planned for exploration and further development.

Key Highlights

– What two factors have proved fundamental in reversing the fortunes of nickel within the global commodity markets?

– Which countries are responsible for holding the most significant global nickel reserves?

– What is expected to drive global refined nickel consumption over the forecast period up to 2020?

– Which process has been identified as a significant driver of growth going forward?

– What region is likely to experience the highest levels of future investment?

Reasons to buy

Evaluate the competitive landscape of the global nickel mining industry in order to align your market strategy.

Identify the relevant key drivers and threats in the market to protect your market share.

Gain insight into the current levels of reserves and assess historic and forecast production data to ensure your operations remain aligned to likely market demand.

Assess insight on major exporters and importers by region to plan your future activity in the market.

Companies mentioned

MMC Norilsk Nickel, Vale SA, Glencore Plc, PT Antam (Persero) Tbk, Nickel Asia Corporation

Table of Contents

1 Executive Summary

2 Global Nickel Mining – Drivers and Restraints

2.1 Global Nickel Mining – Drivers

2.2 Global Nickel Mining – Restraints

3 Global Nickel Mining – Reserves, Production, Consumption and Trade

3.1 Reserves by Geographical Region and Major Mines with Grade and Mine Life

3.2 Historical and Forecast Production

3.2.1 Total production, by country

3.3 Nickel Price

3.4 Total Production by Major Mines

3.5 Major Exploration and Development Projects

3.6 Global nickel consumption

3.6.1 Consumption by Region

3.7 Demand Drivers

3.8 Major Exporting and Importing Countries

3.8.1 Major exporting countries

3.8.2 Major importing countries

4 Competitive Landscape

4.1 MMC Norilsk Nickel

4.2 Vale SA

4.3 Glencore Plc

4.4 PT Antam (Persero) Tbk (Antam)

4.5 Nickel Asia Corporation

5 Appendix

5.1 What is this Report About?

5.2 Methodology

5.3 Secondary Research

5.4 Primary Research

5.5 Contact GlobalData

5.6 About GlobalData

5.7 GlobalData’s Services

5.8 Disclaimer

List of Tables

Table 1: Global Nickel Mining – Reserves by Country (Million Tonnes), Jan 2013 and Feb 14

Table 2: Global Nickel Mining – Active Mines, by Reserves, Mine Life and Metal Grades, 2014

Table 3: Global Nickel Mining – Nickel Mine Production (Million Tonnes), 2000–2020

Table 4: Global Nickel Mining – Major Active Mines (APAC), 2014

Table 5: Global Nickel Mining – Major Active Mines (Europe), 2014

Table 6: Global Nickel Mining – Major Active Mines (MEA), 2014

Table 7: Global Nickel Mining – Major Active Mines (North America), 2014

Table 8: Global Nickel Mining – Major Active Mines (SCA), 2014

Table 9: Global Nickel Mining – Major Exploration Projects (APAC), 2014

Table 10: Global Nickel Mining – Major Exploration Projects (Europe), 2014

Table 11: Global Nickel Mining – Major Exploration Projects (MEA), 2014

Table 12: Global Nickel Mining – Major Exploration Projects (North America), 2014

Table 13: Global Nickel Mining – Major Exploration Projects (SCA), 2014

Table 14: Global Nickel Mining – Major Development Projects (APAC), 2014

Table 15: Global Nickel Mining – Major Development Projects (Europe), 2014

Table 16: Global Nickel Mining – Major Development Projects (MEA), 2014

Table 17: Global Nickel Mining – Major Development Projects (North America), 2014

Table 18: Global Nickel Mining – Major Development Projects (SCA), 2014

Table 19: Global Nickel Mining – Nickel Metal Consumption (Million Tonnes), 2000–2020

Table 20: Global Nickel Mining – Nickel Metal* Consumption, by Region (Thousand Tonnes), 2008–2013

Table 21: Global Nickel Mining – MMC Norilsk Nickel, Major Projects, 2014

Table 22: Global Nickel Mining – Vale S.A, Major Projects, 2014

Table 23: Global Nickel Mining – Glencore Plc, Major Projects, 2014

Table 24: Global Nickel Mining – PT ANTAM (Persero) Tbk (Antam) – Major Projects, 2014

Table 25: Global Nickel Mining – Nickel Asia Corporation, Major Projects, 2014

List of Figures

Figure 1: Global Nickel Mining – Stainless Steel Production*, by Country (Million Tonnes), 2011–2013

Figure 2: Global Nickel Mining – Reserves by Country (Million Tonnes), Jan 2013 and Feb 2014

Figure 3: Global Nickel Mining – Nickel Mine Production (Thousand Tonnes), 2000–2020

Figure 4: Global Nickel Mining – Nickel Mine Production by Country (%), 2013

Figure 5: Global Nickel Mining – Annual Nickel Prices (US$/Thousand Tonne), 2006–2013

Figure 6: Global Nickel Mining – Forecast Annual Nickel Prices (US$/Thousand Tonne), 2013–2019

Figure 7: Global Nickel Mining – Nickel Metal Consumption (Thousand Tonnes), 2000–2020

Figure 8: Global Nickel Mining – Nickel Metal* Consumption, by Region (Thousand Tonnes), 2010–2013

Figure 9: Global Nickel Mining – Stainless and Heat Resistant Steel Production by Region (Thousand Tonnes), 2014

Figure 10: Global Nickel Mining – Chinese Nickel Ores and Concentrates Import (Million Tonnes), 2006–2013

Figure 11: Global Nickel Mining – Major Exporting Countries (%), 2013

Figure 12: Global Nickel Mining – Major Importing Countries (%), 2013

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