Top 10 nickel mining companies in the world

Top 10 nickel mining companies in the world

Nornickel Nickel

Company profile:

As one of the top 10 nickel mining companies in the world Nornickel Nickel is the leader in Russia’s metals and mining industry, as well as the largest palladium and high-grade nickel producer and one of the largest producers of platinum and copper. Nornickel Nickel also produces cobalt, rhodium, silver, gold, iridium, ruthenium, selenium, tellurium, and sulphur.

Nornickel Nickel’s products are supplied to 37 countries worldwide and purchased by more than 400 partner companies. Nornickel Group’s core businesses are vertically-integrated metals and mining operations. Since 2020, these businesses have been grouped into divisions, enabling accelerated decision-making and improved accountability of production site management.

In the summer of 2021, Nornickel Nickel’s Kola Division produced the first ever batch of carbon-neutral nickel in the history of the metals and mining industry. A set of corrective actions aimed at reducing greenhouse gas emissions at all stages of finished product manufacturing was implemented.

Total market value: 48 million US dollars
Company website: https://www.nornickel.com/

Vale

Company profile:
Vale was incorporated on June 1, 1942 under the name Companhia Vale do Rio Doce. Vale is the largest producer of iron ore, pellets and nickel, and Vale in top 10 nickel mining companies in the world also have operations in manganese, ferroalloys, copper, gold, silver, and cobalt.

The ore obtained from Vale’s mines contains more than just nickel. Thus, through extraction and processing, Vale also produces cobalt, copper and precious metals. As a global mining company, Vale operates in more than 20 countries. Since mining the first ore in Itabira, Minas Gerais, Vale has been involved in logistics through railways, ports and terminals, energy and steel manufacturing.

Total market value: 59 million US dollars
Company website:

Glencore

Company profile:
Glencore as one of the top 10 nickel mining companies in the world was established in 1974 and is headquartered in Switzerland. Initially focused on the marketing of ferrous and non-ferrous metals as well as minerals and crude oil. Glencore produces and sells a variety of metals and minerals such as copper, cobalt, zinc, nickel and iron alloys.

Glencore also sells aluminum/alumina and iron ore from third parties. Glencore is a leading producer and marketer of nickel and a recycler of nickel-containing materials such as batteries. As Glencore’s copper, nickel and lithium businesses provide a strong boost to the energy transition.

Total market value: 64 million US dollars
Company website: https://www.glencore.com/

BHP

Company profile:

BHP Corporation is the result of the merger of BHP and Billiton, two small mining companies founded in the mid-1800s and is now a global leader in the diversified resources industry. BHP is an important enterprise in the field of mineral resources and energy. Its main business is the exploration, acquisition, development and marketing of natural resources, with operations all over the world.

The main pillar products include: iron ore, copper, coking coal, uranium, and oil and natural gas. Recently, BHP, as one of the major nickel mining companies in the world, announced that it has reached a nickel supply agreement with one of the major powerwall manufacturers in the world Tesla.

While the terms of the deal are being kept under wraps, it is understood Tesla will become one of the largest customers of BHP Billiton’s Nickel West, a nickel miner in Western Australia. Nickel West will supply Tesla with nickel in powder and briquette form, which needs to be further processed for battery production.

Total market value: 134 million US dollars
Company website: https://www.bhp.com/

Anglo American

Company profile:
Anglo American and its subsidiaries and joint ventures are well-known companies in the field of mining and natural resources in the world. Anglo American has an important influence in the fields of gold, platinum, diamonds, coal, nickel, heavy metals and industry, industrial ores, and paper and packaging, and also has strong financial and technological strength. Anglo American Group has branches all over the world, with business operations and development in Africa, Europe, South America, North America and Australia.

Anglo American’s nickel business could well serve the global stainless steel industry that relies on nickel and drives demand. Anglo American’s mine assets are located in Brazil and have two ferronickel production sites: Bairro Alto and Codmin in the state of Goiás. Now it has developed into one of the top 10 nickel mining companies in the world.

Total market value: 50 million US dollars
Company website: https://www.angloamerican.com/

South32

Company profile:
South32 as one of the top 10 nickel mining companies in the world was born out of the divestiture of non-core assets from BHP in 2015. South32’s principal businesses include alumina operations in Australia and Brazil, aluminum operations in Brazil, South Africa and Mozambique, manganese operations in Australia and South Africa, and coking coal operations in New South Wales.

South32 also owns the Cannington silver/lead/zinc mine in northwest Queensland and the Cerro Matoso nickel mine in Columbia. In 2019, due to the planned increase in the mining rate, Cerro Matoso’s payable nickel production remained unchanged from the previous quarter in the third quarter of this year, at 10.6kt, a year-on-year decrease of 1%. Nickel sales payable was 10kt, a decrease of 7% month-on-month and 8% year-on-year. Production guidance for FY2020 remains unchanged at 35.6kt.

Total market value: 12 million US dollars
Company website: https://www.south32.net/

Eramet

Company profile:
One of the top 10 nickel mining companies in the world Eramet Group is a multinational company with mining background and metallurgical industry as its main business, headquartered in Paris, France. Eramet Group’s main business is nickel ore mining and processing, special alloy steel, manganese ore mining and processing, manganese chemical industry, etc., and its business covers the world. GECC is part of Eramet’s global sales network.

Recently, Eramet announced its 2022 fiscal year and third quarter reports. Among them, the output of SLN ferronickel in the third quarter of 2022 is 9,500 metal tons, and the output of nickel ore is 1.46 million wet tons; Nickel production at Weda Bay Nickel was 3.485 million wet tonnes. The report shows that in the third quarter of 2022, the production of Eramet Group’s nickel mines in Indonesia will increase by 9%, and the external sales of nickel mines will increase by 23%. Statistics do not include Sandouville, which has already been sold.

Total market value: 2 million US dollars
Company website: https://www.eramet.com/en

IGO

Company profile:
IGO Limited is one of the top 10 nickel mining companies in the world, an ASX 100 listed company dedicated to the discovery, development and delivery of products that are critical to clean energy. Through upstream mining and downstream processing assets, IGO is enabling future-proof technologies including transportation electrification, energy storage and renewable energy generation.

IGO is also focused on discovering future resources and has a long-term commitment to investing in exploration to ensure the world has a sustainable supply of clean energy metals. IGO owns and operates the Nova nickel-copper-cobalt mine, the Forrestania nickel mine and the Cosmos nickel mine in Western Australia. IGO has also invested in a lithium-focused joint venture with Tianqi Lithium. The company owns 51% of the Greenbushes lithium mine and 100% of the downstream processing refinery at Kwinana, which produces battery-grade lithium hydroxide.

Total market value: 5 million US dollars
Company website: https://www.igo.com.au/site/content/

Terrafame

Company profile:
Terrafame in top 10 nickel mining companies in the world was formed in 2015 when the company purchased a mine and metal recovery facility in Sotkamo. Terrafame is the only company in the world that uses bioleaching to smelt nickel sulfide ore and produce nickel sulfate. Its nickel sulphate carbon footprint is significantly lower than that of nickel sulphate produced globally by other methods.

This project utilizes Terrafame’s high-quality low-carbon nickel sulfate and Finland’s rich green power resources. It is expected to build a zero-carbon factory for precursor production, which will meet the localized demand for key new energy materials in Europe while achieving green manufacturing. French carmaker Renault has signed a memorandum of understanding with Finland’s state-owned mining company Terrafame to secure the supply of nickel sulphate for use in future electric vehicle batteries. Under the agreement, Renault will receive a large supply of nickel sulphate with an annual production capacity of up to 15GWh.

Company website: https://www.terrafame.com/

MCC

Company profile:
Founded in 1982, MCC is the world’s largest metallurgical construction contractor and metallurgical enterprise operation service provider, and one of the top 10 nickel mining companies in the world. The company’s resource development business mainly focuses on nickel, cobalt, copper, zinc, lead and other fields.

In addition, as one of the top 10 nickel cobalt manufacturers in China MCC actively grasps the development opportunities of the precursor material system and invests 3.69 billion RMB in the production of high-nickel ternary precursors.

MCC’s nickel ore has an average annual production rate of 103%, ranking first in the world’s wet-process nickel ore. In 2020, it will produce 34,000 tons of nickel and 2,941 tons of cobalt in nickel hydroxide and cobalt.

The unit cash production cost is the lowest among the laterite nickel mines in the world, and it is the mine with the highest production rate and operation level among the existing laterite nickel mines in the world.

Total market value: 5 million RMB
Company website: http ://www.mcc.com.cn

That’s all about the top 10 nickel mining companies in the world. It is predicted that in the next five years, there will be fewer new nickel resources on the line, and high-nickel ternary lithium batteries will drive demand under the advantages of energy density and battery life. There may be a gap between the supply and demand of nickel resources around 2024, so the price of nickel will also rise accordingly.