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World’s nickel production dropped 4% in 2020

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(Kitco News) - Kitco reports that according to the preliminary data released by the U.S. Geological Survey (USGS), global mine nickel production was 2,500 ktonnes in 2020, a 4% decline compared to 2019 (2,610 ktonnes).

With 760 ktonnes of mined metal, Indonesia was once again an undisputed leader in nickel production, followed by the Philippines (320 ktonnes) and Russia (280 ktonnes). New Caledonia sits fourth with 200 ktonnes of nickel mined in 2020. Australia is closing the top 5 largest nickel producing countries list with 170 ktonnes mined in 2020.

USGS estimates that Indonesia boasts the world’s largest endowment of nickel reserves (21,000 ktonnes), followed by Australia (20,000 ktonnes) and Brazil (16,000 ktonnes).

USGS said that although stainless-steel production in most leading producing countries and (or) localities decreased, these were mostly offset by a rapid recovery in China’s production of nickel-bearing stainless-steel grades after the first quarter, and the continued ramp-up of nickel pig iron and stainless-steel projects in Indonesia.

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