Nickel
Battery metals
Watch and Edit are coming soon.
Indonesia refined 45% (IEA) of the world's nickel in 2025; Indonesia mined 67% (USGS).
67%
of the world's nickel was mined in Indonesia in 2025 (estimated), according to USGS · about 2 in 3
ANNUAL 2025
Leading mining country
67%
Indonesia, 2025 (estimated), USGS
Leading refining country
45%
Indonesia, 2025, IEA
Sites on record
143
Mines and plants in the open sources. Coverage is partial. Also on record: 127 deposits and projects, which are not counted.
Recycling's share of EU demand
16%
2022, EU only
Overview
Nickel comes from sulphide and laterite ores. It is used mainly in stainless steel and, as sulphate, in battery cathodes.
Map
- Share of world mine output
- Mine or brine operation
- Processing site
- Deposit or project (not a mine or a plant yet)
Sites are those in the open sources. A site missing here is missing from the sources, not from the world.
2025
Key facts
- Group
- Battery metals
- Stages in the atlas
- Reserves · Mine · Process · Refine · Component · Recycle
- World mine production, 2025
- 3 900 000 metric tons (estimated)
- World refinery production, 2025
- 3 729 kt Ni
- Open price series
- Yes: monthly, in $/mt
Leading countries
Mine · USGS, 2025 (estimated)
- Indonesiaabout 2 in 367%
- Philippinesabout 1 in 206.9%
- Russiaabout 1 in 205.1%
- Canadaabout 1 in 203.6%
- New Caledoniaabout 1 in 203.6%
The five largest shares of each stage's latest table. One source per stage; the Supply chain tab has every source and every row.
Supply chain
Every stage with its table by country, the flow between stages, the largest recorded trade flows and the sites on record.
Reserves
Concentration
ANNUAL 2025Indonesia holds about half (48 %) of the world's nickel reserves recorded here.
Reserves · 2025
(Data in metric tons, nickel content, unless otherwise specified)
- Top 3 countries
- 79.2 %
- Indonesia, Australia, Brazil
Who holds what
- Indonesia62 000 000 t47.6 %
- Australia25 000 000 t19.2 %
- Brazil16 000 000 t12.3 %
- Russia8 300 000 t6.4 %
- New Caledonia7 100 000 t5.5 %
- Philippines4 800 000 t3.7 %
- China4 400 000 t3.4 %
- Canada2 200 000 t1.7 %
- United States340 000 t0.3 %
- Other countries>9,100,000
- World total>140,000,000
Mine
Concentration
ANNUAL 2025Indonesia mines about 2 in 3 (67 %) of the world's nickel recorded here.
Mine production · 2025 (estimated)
(Data in metric tons, nickel content, unless otherwise specified)
- Top 3 countries
- 78.7 %
- Indonesia, Philippines, Russia
Who holds what
- Indonesia2 600 000 t66.7 %
- Other countries290 000 t7.4 %
- Philippines270 000 t6.9 %
- Russia200 000 t5.1 %
- Canada140 000 t3.6 %
- New Caledonia140 000 t3.6 %
- China120 000 t3.1 %
- Brazil70 000 t1.8 %
- Australia45 000 t1.2 %
- United States10 000 t0.3 %
- World total3 900 000 t
Process
No data yet: Nickel, process stage
We have no sourced record for this. We never fill gaps with estimates.
Help add it
Refine
Concentration
ANNUAL 2025Indonesia refines about half (45 %) of the world's nickel recorded here.
Refining (IEA) · 2025
kt = kilotonnes. Nickel refining includes nickel that is processed into a metal, oxide, nickel pig iron, ferronickel, or sulphate and excludes outputs from intermediate production steps.
- Top 3 countries
- 79.5 %
- Indonesia, China, Canada
Who holds what
Component
No data yet: Nickel, component stage
We have no sourced record for this. We never fill gaps with estimates.
Help add it
Recycle
No data yet: Nickel, recycle stage
We have no sourced record for this. We never fill gaps with estimates.
Help add it
Flow through the stages
Bars are each country's share of one stage, taken from one source. Bands are trade flows that customs data record between two countries. The two are measured differently, so a band's width says nothing about a bar's height. Where the data records nothing, the diagram says so.
The diagram is wider than this screen. Swipe it sideways to see every stage.
- Bar: a country's share of the stage's output. Height is the share. Sources:Mine 2025Refine 2025
- Band: recorded trade, by value, 2024. In US dollars, not tonnes. Width compares flows of the same product only. A band runs from the exporter to the importer's place in the next stage; the data does not say what the importer did with the product. The data holds only the largest flows of the material: 40 of 2 944 flows, covering 67.1 % of traded value.
- Dashed band: the customs code mixes grades or forms, so the stage of the product is uncertain. The table marks these with ≈.
- Dashed box: a country that appears in a recorded trade flow but has no row in this stage's table. It has no share.
- Not recorded: material processed in the country that mined it. Trade data only sees border crossings. A dotted line joins a country that appears in two neighbouring tables.
- Return arrow: recycling's share of EU demand (end-of-life recycling input rate). EU only, so it cannot be compared with the world shares above. Width: 1 px at 0 % to 10 px at 100 %.
Table of what is drawn (38 country marks, 40 trade flows)
| Stage | Country | Share | Amount | Source |
|---|---|---|---|---|
| Mine 2025 | Indonesia | 62.7 % | 2 637 kt Ni | |
| Mine 2025 | Philippines | 11.5 % | 482 kt Ni | |
| Mine 2025 | Russia | 4.6 % | 192 kt Ni | |
| Mine 2025 | China | 3.5 % | 147 kt Ni | |
| Mine 2025 | New Caledonia | 3.3 % | 138 kt Ni | |
| Mine 2025 | Canada | 3.3 % | 138 kt Ni | |
| Mine 2025 | Brazil | 2.0 % | 85 kt Ni | |
| Mine 2025 | Other / not attributed | 9.2 % | 388 kt Nithe source's own "other" row | |
| Refine 2025 | Indonesia | 45.1 % | 1 681 kt Ni | |
| Refine 2025 | China | 31.1 % | 1 160 kt Ni | |
| Refine 2025 | Canada | 3.4 % | 125 kt Ni | |
| Refine 2025 | Russia | 3.3 % | 123 kt Ni | |
| Refine 2025 | Japan | 2.9 % | 108 kt Ni | |
| Refine 2025 | Norway | 2.7 % | 100 kt Ni | |
| Refine 2025 | Brazil | 1.7 % | 64 kt Ni | |
| Refine 2025 | Other / not attributed | 9.9 % | 367 kt Nithe source's own "other" row |
| Product of stage | From → to | Million USD | Source |
|---|---|---|---|
| Process ≈ | Indonesia → China | 3 905.5 | |
| Process | Indonesia → China | 2 005.2 | |
| Mine | Philippines → China | 1 364.7 | |
| Process | Canada → Norway | 1 100.3 | |
| Process | Indonesia → Japan | 1 039 | |
| Process | Zimbabwe → South Africa | 984.7 | |
| Refine ≈ | Norway → Netherlands | 825.3 | |
| Refine ≈ | Russian Federation → China | 787.9 | |
| Refine ≈ | Canada → USA | 744.5 | |
| Process | Russian Federation → Finland | 666.7 | |
| Process ≈ | Philippines → Japan | 580.8 | |
| Refine ≈ | China → Other Asia, nes | 574.5 | |
| Refine | Indonesia → China | 547.4 | |
| Refine ≈ | Australia → Japan | 493.2 | |
| Mine | Philippines → Indonesia | 438.4 | |
| Process ≈ | Papua New Guinea → China | 421.7 | |
| Process | Finland → Norway | 378.6 | |
| Refine ≈ | Indonesia → China | 360.9 | |
| Refine ≈ | Netherlands → Italy | 352.1 | |
| Process ≈ | Indonesia → United Kingdom | 350.8 | |
| Mine | Finland → China | 322.5 | |
| Mine | Russian Federation → China | 320.9 | |
| Refine ≈ | China → Singapore | 305.5 | |
| Refine ≈ | Norway → Fed. Rep. of Germany (...1990) | 270.1 | |
| Process ≈ | New Caledonia → China | 267 | |
| Mine | Zambia → Canada | 255.7 | |
| Mine | Zambia → Namibia | 238.6 | |
| Refine ≈ | Canada → Netherlands | 236.5 | |
| Process ≈ | Finland → China | 215 | |
| Refine ≈ | Norway → USA | 213.5 | |
| Refine ≈ | Finland → Netherlands | 213.3 | |
| Mine | New Caledonia → Rep. of Korea | 208.9 | |
| Refine ≈ | Norway → France | 204.8 | |
| Refine ≈ | Indonesia → Singapore | 198.4 | |
| Refine ≈ | South Africa → Malaysia | 186.3 | |
| Process | Russian Federation → China | 180 | |
| Mine | Australia → China | 161.4 | |
| Refine ≈ | Netherlands → Belgium-Luxembourg (...1998) | 159.9 | |
| Refine ≈ | Canada → Belgium-Luxembourg (...1998) | 159 | |
| Refine ≈ | Indonesia → Other Asia, nes | 147.9 |
Countries drawn as dashed boxes (in trade flows only)
- Mine: Zambia; Finland; Australia
- Process: Indonesia; China; Canada; Zimbabwe; Russian Federation; Finland; 5 more countries (Philippines, Papua New Guinea, New Caledonia, Namibia, Rep. of Korea)
- Refine: South Africa; Finland; Netherlands; Australia; United Kingdom
- Component: China; Netherlands; USA; Other Asia, nes; Singapore; Japan; 5 more countries (Italy, Belgium-Luxembourg (...1998), Fed. Rep. of Germany (...1990), France, Malaysia)
Recycling loop
- Nickel: 16.0 % (2022, European Union)
Largest trade flows · 2024
Reconciled customs data (CEPII BACI), by value. Trade data lags: this is the latest complete year. 40 of 2 944 flows shown, covering 67.1 % of traded value.
| From → to | Product of stage | Million USD | Source |
|---|---|---|---|
| Indonesia → China | Process ≈ | 3 905.5 | |
| Indonesia → China | Process | 2 005.2 | |
| Philippines → China | Mine | 1 364.7 | |
| Canada → Norway | Process | 1 100.3 | |
| Indonesia → Japan | Process | 1 039 | |
| Zimbabwe → South Africa | Process | 984.7 | |
| Norway → Netherlands | Refine ≈ | 825.3 | |
| Russian Federation → China | Refine ≈ | 787.9 | |
| Canada → USA | Refine ≈ | 744.5 | |
| Russian Federation → Finland | Process | 666.7 |
≈ marks a customs code that mixes grades or forms of the material, so stages cannot be told apart. Expert mode shows the codes.
Sites on record · 143 and 127 deposits and projects
270 of 270 shown
- AguablancaMine · Spain
- ÄlglidenDeposit (no mine) · Sweden
- AmbatovyMine · Madagascar
- AndoverDeposit (no mine) · Australia
- Arc Nickel ResourcesMine · Philippines
- Area 55Deposit (no mine) · Australia
- AveburyMine · Australia
- Barnes HillDeposit (no mine) · Australia
- Barro AltoProcessing plant · Brazil
- Barro AltoMine · Brazil
- Barrow CreekDeposit (no mine) · Australia
- Battery Materials ParkProject (not producing yet) · Canada
- Beta HuntMine · Australia
- BirchtreeMine · Canada
- Black SwanMine · Australia
- BrännornaDeposit (no mine) · Sweden
- BrolgaDeposit (no mine) · Australia
- BrownsDeposit (no mine) · Australia
- Bucko LakeMine · Canada
- Buleleng PitMine · Indonesia
- BulongDeposit (no mine) · Australia
- Bulong nickel mineMine · Australia
- Bulong-NiRefinery · Australia
- BurraProject (not producing yet) · Australia
- BuruktalMine · Russian Federation
- Byro EastDeposit (no mine) · Australia
- CagdianaoMine · Philippines
- Camelback BoreDeposit (no mine) · Australia
- CanegrassDeposit (no mine) · Australia
- CanoonaDeposit (no mine) · Australia
- CarlingupDeposit (no mine) · Australia
- CassiniMine · Australia
- CawseMine · Australia
- Cawse-Ni-CoRefinery · Australia
- CCRRefinery · Canada
- Cerro Matoso MineMine · Colombia
- Clarabelle Mill (Sudbury Operations)Mine · Canada
- Claude HillsDeposit (no mine) · Australia
- CliffsMine · Australia
- CodeminMine · Brazil
- CogliaDeposit (no mine) · Australia
- Coleman (Sudbury Operations)Mine · Canada
- CondeminProcessing plant · Brazil
- CopernicusDeposit (no mine) · Australia
- Copper Cliff (Sudbury Operations)Mine · Canada
- Copper Cliff Complex Processing plant · Canada
- COR Industri IndonesiaMine · Indonesia
- COR Industri IndonesiaSmelter · Indonesia
- Coral Bay Nickel CorporationRefinery · Philippines
- CorkwoodDeposit (no mine) · Australia
- Coronation DamDeposit (no mine) · Australia
- Cosmic BoyDeposit (no mine) · Australia
- CosmosMine · Australia
- CrawfordProject (not producing yet) · Canada
- Crean HillProject (not producing yet) · Canada
- Creighton (Sudbury Operations)Mine · Canada
- Decar (Baptiste)Project (not producing yet) · Canada
- Diggers AreaDeposit (no mine) · Australia
- Dumont NickelProject (not producing yet) · Canada
- EagleMine · United States
- Eagle's NestProject (not producing yet) · Canada
- East CooeeDeposit (no mine) · Australia
- East ScotiaDeposit (no mine) · Australia
- EllenMine · Canada
- Ernesto Che Guevara Mine and processing plantMine and processing plant · Cuba
- FalcondoMine · Dominican Republic
- Ferguson LakeProject (not producing yet) · Canada
- FisherDeposit (no mine) · Australia
- Fisher EastDeposit (no mine) · Australia
- Flying FoxMine · Australia
- FNI CagdianaoMine · Philippines
- Fortaleza de MinasMine · Brazil
- Foster-BakerDeposit (no mine) · Australia
- Four CornersDeposit (no mine) · Australia
- Fraser (Sudbury INO)Mine · Canada
- FrostDeposit (no mine) · Australia
- Garson (Sudbury Operations)Mine · Canada
- GertrudeMine · Canada
- Ghan WellDeposit (no mine) · Australia
- Ghost RocksDeposit (no mine) · Australia
- Golden RidgeDeposit (no mine) · Australia
- GoodyearDeposit (no mine) · Australia
- GoongarrieDeposit (no mine) · Australia
- Goongarrie-Ni-CoRefinery · Australia
- GranmurenDeposit (no mine) · Sweden
- Grey DamDeposit (no mine) · Australia
- GunnawarraDeposit (no mine) · Australia
- HäggånDeposit (no mine) · Sweden
- HamptonDeposit (no mine) · Australia
- HarjavaltaSmelter · Finland
- Harmony PitMine · Australia
- HinatuanMine · Philippines
- HomevilleDeposit (no mine) · Australia
- Honeymoon WellDeposit (no mine) · Australia
- Irwin-CogliaDeposit (no mine) · Australia
- JerichoDeposit (no mine) · Australia
- JimberlanaDeposit (no mine) · Australia
- Kalgoorlie Consolidated Gold MineMine · Australia
- Kalgoorlie-NiSmelter · Australia
- KenbridgeProject (not producing yet) · Canada
- KevitsaMine · Finland
- KoniamboMine · New Caledonia
- Kwinana-Co-NiRefinery · Australia
- Kwinana-Ni-CoRefinery · Australia
- Kwinana-pCAMProcessing plant · Australia
- KylylahtiMine · Finland
- Lac des IlesMine · Canada
- Lagoon HillDeposit (no mine) · Australia
- Lake RebeccaDeposit (no mine) · Australia
- LanfranchiMine · Australia
- Larkin FindDeposit (no mine) · Australia
- Legnica metallurgical complexSmelter · Poland
- LeinsterMine · Australia
- LeinsterMine · Australia
- Lennard ShelfMine · Australia
- Loma de NiquelMine · Venezuela
- Loma Las PegueraMine · Dominican Republic
- Long HarbourRefinery · Canada
- Lounge LizardMine · Australia
- Lucky BreakDeposit (no mine) · Australia
- Lynn LakeProject (not producing yet) · Canada
- Maggie HaysMine · Australia
- MagpieDeposit (no mine) · Australia
- MarriottDeposit (no mine) · Australia
- MawsonDeposit (no mine) · Australia
- McCreedy WestMine · Canada
- Melba FlatsDeposit (no mine) · Australia
- MinagoProject (not producing yet) · Canada
- Mine Bou AzzerMine · Morocco
- Mine Bou AzzerMine · Morocco
- Mine Bou AzzerMine · Morocco
- Mine de Nickel de FoungbessoMine · Côte d'Ivoire
- Mine Le PicMine · New Caledonia
- Mineral Patch HillDeposit (no mine) · Australia
- MiriamDeposit (no mine) · Australia
- Mission SillDeposit (no mine) · Australia
- MM (Makwa Mayville)Project (not producing yet) · Canada
- Moa Bay MineMine · Cuba
- Moa Bay processing plantProcessing plant · Cuba
- ModikwaMine · South Africa
- MontcalmMine · Canada
- Montelibano RefineryRefinery · Colombia
- Mount CobaltDeposit (no mine) · Australia
- Mount FitchDeposit (no mine) · Australia
- Mount JewellDeposit (no mine) · Australia
- Mount KeithMine · Australia
- Mount MargaretDeposit (no mine) · Australia
- Mount ShollDeposit (no mine) · Australia
- Mount SlopeawayDeposit (no mine) · Australia
- Mount ThirstyDeposit (no mine) · Australia
- Mount Thirsty-Ni-CoRefinery · Australia
- Mount WindarraMine · Australia
- Mulga TankDeposit (no mine) · Australia
- Murrin MurrinMine · Australia
- Murrin Murrin - MinaraMine · Australia
- Murrin Murrin 14GPMine · Australia
- Murrin Murrin 6Mine · Australia
- Murrin Murrin-Ni-CoRefinery · Australia
- Murrin South OperationsMine · Australia
- Nanadie WellDeposit (no mine) · Australia
- Nebo-BabelProject (not producing yet) · Australia
- NepeanDeposit (no mine) · Australia
- Nickel processing plantProject (not producing yet) · Canada
- Nickel Rim SouthMine · Canada
- Nickel ShawProject (not producing yet) · Canada
- NikkelverkSmelter · Norway
- NiquelandiaMine · Brazil
- NiWestProject (not producing yet) · Australia
- NiWestProject (not producing yet) · Australia
- Njuggträskliden ADeposit (no mine) · Sweden
- Njuggträskliden CDeposit (no mine) · Sweden
- Njuggträskliden DDeposit (no mine) · Sweden
- NkomatiMine · South Africa
- NMBDDeposit (no mine) · Australia
- Nordenhamer ZinkhuetteSmelter · Germany
- Nornickel Kola PeninsulaMine · Russian Federation
- Nornickel Kola Peninsula (Kaula-Kotselvaara)Mine · Russian Federation
- Nornickel Kola Peninsula (Severny)Mine · Russian Federation
- Nornickel Taimyr PeninsulaMine · Russian Federation
- Nornickel Taimyr Peninsula (Komsomolsky)Mine · Russian Federation
- Nornickel Taimyr Peninsula (Mayak)Mine · Russian Federation
- Nornickel Taimyr Peninsula (Oktyabrsky)Mine · Russian Federation
- Nornickel Taimyr Peninsula (Skalisty)Mine · Russian Federation
- Nornickel Taimyr Peninsula (Taimyrsky)Mine · Russian Federation
- Nornickel Taimyr Peninsula (Zapolyarny)Mine · Russian Federation
- Northern OperationsMine · Australia
- Nova-BollingerMine · Australia
- Nunavik NickelMine · Canada
- OlympiaDeposit (no mine) · Australia
- Onaping DepthProject (not producing yet) · Canada
- Onca PumaProcessing plant · Brazil
- Onca PumaMine · Brazil
- Pardoo-HighwayDeposit (no mine) · Australia
- PASMine · Australia
- PelicanDeposit (no mine) · Australia
- PinnaclesDeposit (no mine) · Australia
- PioneerDeposit (no mine) · Australia
- PomalaaMine · Indonesia
- PT Central Omega Resources Tbk (Bumi Konawe Abadi)Mine · Indonesia
- PT Central Omega Resources Tbk (PT Itamatra Nusantara)Mine · Indonesia
- PT Central Omega Resources Tbk (PT Mulia Pacifc Resources)Mine · Indonesia
- Pyke HillDeposit (no mine) · Australia
- QuicksilverDeposit (no mine) · Australia
- Radio HillMine · Australia
- RaglanMine · Canada
- Ramu Nico Nickel MineMine · Papua New Guinea
- RavensthorpeMine · Australia
- Ravensthorpe-Ni-CoRefinery · Australia
- René Ramos Latour MineMine and processing plant · Cuba
- Rio TubaMine · Philippines
- River ValleyProject (not producing yet) · Canada
- RiverinaDeposit (no mine) · Australia
- Rocky's Reward PitMine · Australia
- RönnbäcknäsetDeposit (no mine) · Sweden
- RörmyrbergetDeposit (no mine) · Sweden
- RosieDeposit (no mine) · Australia
- Ruth WellDeposit (no mine) · Australia
- SaintsDeposit (no mine) · Australia
- San Juan de NievaSmelter · Spain
- São Miguel PaulistaProcessing plant · Brazil
- SavannahMine · Australia
- SconiProject (not producing yet) · Australia
- Sechol MineMine · Guatemala
- ShakespeareProject (not producing yet) · Canada
- Shaw DomeProject (not producing yet) · Canada
- Sherlock BayDeposit (no mine) · Australia
- Silver KnightDeposit (no mine) · Australia
- Silver LakeDeposit (no mine) · Australia
- SinclairDeposit (no mine) · Australia
- SinclairMine · Australia
- SlopeawayDeposit (no mine) · Australia
- SorowakoMine · Indonesia
- South KambaldaMine · Australia
- SpargovilleDeposit (no mine) · Australia
- Spotted QuollMine · Australia
- Stainless Steel and Alloy Processing FacilityProject (not producing yet) · Canada
- StantonDeposit (no mine) · Australia
- Stobie (Sudbury Operations)Mine · Canada
- Strathcona Mill (Sudbury INO)Mine · Canada
- SudburySmelter · Canada
- SunriseProject (not producing yet) · Australia
- TaganitoMine · Philippines
- Taganito HPAL Nickel CorporationRefinery · Philippines
- TECH-Ni-Co-HPARefinery · Australia
- The Cobalt Refinery Company Inc.Refinery · Canada
- ThierryProject (not producing yet) · Canada
- Thompson (T-1 and T-3)Mine · Canada
- Thunder Bay NorthProject (not producing yet) · Canada
- Totten (Sudbury Operations)Mine · Canada
- Trough WellDeposit (no mine) · Australia
- TurnagainProject (not producing yet) · Canada
- Two RiversMine · South Africa
- Vale New CaledoniaMine · New Caledonia
- VictoriaProject (not producing yet) · Canada
- VinbergetDeposit (no mine) · Sweden
- Voisey’s BayMine · Canada
- Walford CreekDeposit (no mine) · Australia
- WaterlooDeposit (no mine) · Australia
- West LynnDeposit (no mine) · Australia
- Widgie NorthDeposit (no mine) · Australia
- Widgie SouthDeposit (no mine) · Australia
- WilunaDeposit (no mine) · Australia
- WingellinaDeposit (no mine) · Australia
- Wingellina-Ni-CoRefinery · Australia
- Yabulu-NiRefinery · Australia
- YakabindieMine · Australia
- YerillaDeposit (no mine) · Australia
- YoungDeposit (no mine) · Australia
- တကောင်း နီကယ်သတ္တုတွင်းMine · Myanmar
- တကောင်း နီကယ်သတ္တုတွင်းMine · Myanmar
One entry per site. Where two sources describe the same site, the atlas lists the record of the source it ranks higher.
United States view: Nickel
These figures describe the United States only. They are not global figures.
- Net import reliance · 2025
- 41 %
- Import sources · 2021-24
- Canada44 %
- Norway11 %
- Australia8 %
- Brazil7 %
- Other30 %
- Scrap (circularity) · 2025 estimate
- Value 2 440 million USDDomestic 79.89 %Imported 14.42 %Exported 5.69 %
- Main uses
- Batteries and metallurgy.
Money
The open price series where one exists, and one estimate with its formula. No licensed market data is shown.
Price
monthly, indicative15 436$/mt, Oct 2026
+2.3% against a year earlier (Oct 2025: 15 092)
Series as the World Bank defines it: Nickel (LME), cathodes, minimum 99.8% purity, settlement price beginning 2005; previously cash price. The World Bank compiles it from: Bloomberg Finance L.P.; Platts Metals Week, Thomson Reuters Datastream; World Bank. Monthly averages in nominal US dollars, for orientation only. Not a quote.
Export controls on the time axis
- ▲12017 · Tanzania · Ban (Export ban)
- ▲22020 · Indonesia · Ban (Export ban)
- ▲32024 · Laos · Ban (Export ban)
USGS gives the year of each control only, so a mark sits at the start of that year. A mark shows when a control took effect; it does not say the control moved the price.
Public support instruments on the time axis (those whose source names the material)
- ▲42024-05-23 · European Union · Joint purchasing
A mark sits at the month of the instrument's date. It shows when the instrument was announced, signed or took effect; it does not say the instrument moved the price.
Estimated production value
estimated$59bnestimated value of world nickel mine production, 2025
How it is computed
Estimated value = world mine production of the year × the average of that year's monthly prices. Both inputs are reported figures; the product is an estimate made by the atlas.
- World mine production, 2025 (estimated)
- 3 900 000 metric tons
- USGS MCS 2026, Mine production. The series is in metric tons and the price is in US dollars per metric ton, so no conversion is needed.
- Average price, 2025
- 15 162 $/mt
- Mean of the 12 monthly averages of 2025.
3.9 Mt × 15 162 $/mt ≈ $59bn
Mined metal is not all sold at this price: concentrates sell at a discount and contracts differ. Read it as an order of magnitude.
Investment pipeline
announced figuresPlanned and under-construction nickel projects with a publicly announced capital cost, public financial backing, or both. Each line is one statement by the named publisher on the given date; the atlas adds nothing to it.
Kabanga Nickel ProjectPlannedMine
Lifezone Metals Limited · northwestern Tanzania · Tanzania · Nickel, Copper, Cobalt
“on track for a Final Investment Decision (FID) in 2026” · status as printed on 2025-12-11
- Announced capital cost
USD 942 M2025-07-18
Pre-production capital costs, including 9.7% contingency (Feasibility Study, initial development phase) · Lifezone Metals Limited
The publisher's words: “Pre-production capital costs of $942 million, including 9.7% contingency.”
- Public backing
no amount statedLetter of interest · “Letter of Interest” · 2024-09-23
U.S. International Development Finance Corporation (DFC)
The publisher's words: “has received a Letter of Interest from the U.S. International Development Finance Corporation (DFC) that expressed DFC’s interest in considering the Project for loans”
A short, hand-read list, not a census: 19 projects in all. Announced amounts are not spending, a letter of interest or a conditional commitment is not a loan, and amounts stay in the currency of the announcement.
Public support instruments
Stockpiles, price floors, offtake and purchasing programmes and public funds whose source names nickel, and general critical-minerals instruments (marked). Each is one statement by its publisher.
2024-05-23in force from · European UnionJoint purchasingin force
The Critical Raw Materials Act obliges the Commission to run a demand-aggregation and joint-purchasing system for strategic raw materials and to set a benchmark for strategic stocks.
Covers: “strategic raw materials” · Materials: Cobalt, Copper, Gallium, Germanium, Lithium, Graphite, Nickel, Rare earths, Tungsten
The publisher's words: “The Commission shall set up and operate a system to aggregate the demand of interested undertakings consuming strategic raw materials established in the Union”
2 further statements from the source
joint negotiation of purchases allowed (Article 25(5))
The publisher's words: “may, on a transparent basis, jointly negotiate the purchase, including the prices or other terms and conditions of the purchasing agreement”
coordination of strategic stocks (Article 23)
The publisher's words: “shall adopt a benchmark indicating a safe level of Union strategic stocks of strategic raw materials”
2025-06-17announced · G7Other supportannounced
G7 leaders launched a Critical Minerals Action Plan with a roadmap for standards-based markets and a call for more public and private capital for critical minerals projects.
Covers: “critical minerals”
critical minerals in general; the source does not name nickel
The publisher's words: “We will develop a roadmap to promote standards-based markets for critical minerals”
3 further statements from the source
launch of the plan
The publisher's words: “We are launching a G7 Critical Minerals Action Plan”
roadmap content
The publisher's words: “The roadmap will establish a set of criteria that constitute a minimum threshold for standards-based markets”
capital mobilisation
The publisher's words: “We encourage our export credit agencies and development finance institutions (DFIs) to identify more opportunities for collaboration”
2025-11-04published · CanadaFundannounced
Budget 2025 proposes a Critical Minerals Sovereign Fund at Natural Resources Canada for equity investments, loan guarantees and offtake agreements, and a First and Last Mile Fund.
CAD 2 bn · “$2 billion over five years, on a cash basis, starting in 2026-27”
Covers: “critical minerals projects and companies”
critical minerals in general; the source does not name nickel
The publisher's words: “provide $2 billion over five years, on a cash basis, starting in 2026-27, to Natural Resources Canada to create the Critical Minerals Sovereign Fund”
3 further statements from the source
tools of the fund
The publisher's words: “including equity investments, loan guarantees, and offtake agreements”
First and Last Mile Fund
The publisher's words: “provide $371.8 million over four years, starting in 2026-27, to Natural Resources Canada to create the First and Last Mile Fund”
absorbs the Critical Minerals Infrastructure Fund
The publisher's words: “would absorb the Critical Minerals Infrastructure Fund and leverage its existing funding envelope to provide up to $1.5 billion in support through 2029-30”
2025-11-22published · United KingdomFundannounced
The UK critical minerals strategy Vision 2035 announces public funding for critical mineral projects and says stockpiling through procurement will be considered for the defence sector.
GBP 50 M · “up to £50 million”
Covers: “critical mineral projects in the UK”
critical minerals in general; the source does not name nickel
The publisher's words: “funding of up to £50 million will be made available by DBT to support critical mineral projects”
2 further statements from the source
stockpiling under consideration
The publisher's words: “Measures could include stockpiling, including through procurement mechanisms”
later programme page (published 22 June 2026): grant share
The publisher's words: “with £45 million of this available as grant funding”
2026-01-14signed · United StatesPrice floorannounced
Presidential proclamation under section 232 directing negotiations on imports of processed critical minerals, in which price floors for trade in critical minerals are to be considered.
Covers: “processed critical minerals and their derivative products (PCMDPs)”
critical minerals in general; the source does not name nickel
The publisher's words: “the Secretary and the Trade Representative should consider price floors for trade in critical minerals and other trade-restricting measures”
2026-02-02announced · United StatesStockpileannounced
The Export-Import Bank approved a direct loan for Project Vault, a public-private partnership that is to establish a U.S. Strategic Critical Minerals Reserve storing raw materials for manufacturers.
USD 10 bn · “a Direct Loan of up to $10 billion”
Covers: “essential raw materials”
critical minerals in general; the source does not name nickel
The publisher's words: “the EXIM Board of Directors approved a Direct Loan of up to $10 billion to Project Vault”
4 further statements from the source
what it establishes
The publisher's words: “a supply chain security initiative establishing the U.S. Strategic Critical Minerals Reserve”
storage
The publisher's words: “that will store essential raw materials in facilities across the United States”
borrower structure
The publisher's words: “providing long-term financing to a partnership between original equipment manufacturers and private sector capital providers”
later EXIM release of May 4, 2026 restating the loan
The publisher's words: “The transaction includes a direct loan of up to $10 billion”
The instruments whose source names nickel are also marked on the price chart above, at the month of their date. A mark does not say the instrument moved the price.
These figures are informational, not financial advice.
Sustainability
Four indicators, the same on every profile. Each is a figure with its unit, year and source, or a plain statement that there is none.
Carbon
Grid-carbon proxy: the grid intensity of the refining countries, weighted by their share of refining.
577gCO2e/kWh
Higher than all 6 other materials with a computed proxy.
- Covers the countries behind 90% of refinery output (Refining (IEA), 2025).
- Average grid emissions intensity of the countries that refine the material, weighted by each country's share of refinery output in the source table. Countries without a grid figure are left out and the covered share is stated. A proxy for the electricity behind refining, not a product footprint: plants may run on their own power.
Water
Share of the material's mine sites on record that lie in high or extremely high baseline water stress.
4.5%of mine sites on record
Higher than 14% of the other 7 materials with rated mine sites.
- 5 of 111 sites with a class (111 mine and brine sites on record).
- Counted by site, not by tonnage: it is not a share of production.
- "Arid and Low Water Use" is a class of its own in the source and is not counted as high.
Land
Land visibly used by mining.
Not available per material: the area is mapped per country for all commodities together.
- Mapped from satellite images for all mining in a country. It cannot be attributed to one material or one site.
Circularity
Recycling's share of EU demand (end-of-life recycling input rate).
16%of EU demand
Higher than 75% of the other 8 elements in the atlas with a published EU rate.
- Published for the EU as a whole. It cannot be compared with world shares.
- End-of-life recycling input rate: the share of EU demand met by recycling old scrap. EU only. Values differ between assessment years partly because the method changed.
- 8 EU targets apply to this material; they are listed below.
There is no overall score: the four figures measure different things and are not added up. How to read these figures
The figures behind the indicators
Grid-carbon proxy for refining
estimated · proxy577gCO2e per kWh
Covers the countries behind 90.1% of refinery output (Refining (IEA), 2025)
| Country | Share of refining | Grid intensity | |
|---|---|---|---|
| Indonesia | 45.1% | 7052025 | |
| China | 31.1% | 5282025 | |
| Canada | 3.4% | 1922025 | |
| Russia | 3.3% | 4472025 | |
| Japan | 2.9% | 4742025 | |
| Norway | 2.7% | 282025 | |
| Brazil | 1.7% | 1092025 |
Average grid emissions intensity of the countries that refine the material, weighted by each country's share of refinery output in the source table. Countries without a grid figure are left out and the covered share is stated. A proxy for the electricity behind refining, not a product footprint: plants may run on their own power.
Water stress where the mines are
estimated · by site4.5%of mine sites on record lie in high or extremely high water stress (5 of 111)
- Low (<10%)69 sites
- Low - Medium (10-20%)8 sites
- Medium - High (20-40%)3 sites
- High (40-80%)4 sites
- Extremely High (>80%)1 site
- Arid and Low Water Use26 sites
Of the mines and brine operations the atlas has on record for the material, the share that lies in a sub-basin with high or extremely high baseline water stress (WRI Aqueduct 4.0). Counted by site, not by tonnage: the atlas has no output figure for most sites, so this is not a share of production. "Arid and Low Water Use" is the source's own class for dry sub-basins with little demand; it is shown apart (hatched) because it is not a stress level.
Circularity
Recycling's share of EU demand (end-of-life recycling input rate)
| Material | 2013 | 2016 | 2019 | 2022 | |
|---|---|---|---|---|---|
| Nickel | 32% | 33.9% | 17% | 16% |
End-of-life recycling input rate: the share of EU demand met by recycling old scrap. EU only. Values differ between assessment years partly because the method changed. The latest published figure is for 2022.
EU targets that apply
6% Recycled content in new batteries from 18 August 2031
Minimum recycled share in the active materials of industrial batteries above 2 kWh, electric vehicle batteries and SLI batteries
Legal text: “From 18 August 2031 … (d) 6 % nickel.” Regulation (EU) 2023/1542 (Batteries Regulation), Article 8(2)(d) ↗
15% Recycled content in new batteries from 18 August 2036
Minimum recycled share in the active materials of industrial, electric vehicle, LMT and SLI batteries
Legal text: “From 18 August 2036 … (d) 15 % nickel.” Regulation (EU) 2023/1542 (Batteries Regulation), Article 8(3)(d) ↗
90% Recovery from waste batteries from 31 December 2027
Share of the material that recycling of waste batteries must recover
Legal text: “No later than 31 December 2027 … (e) 90 % for nickel.” Regulation (EU) 2023/1542 (Batteries Regulation), Annex XII, Part C, point 1 ↗
95% Recovery from waste batteries from 31 December 2031
Share of the material that recycling of waste batteries must recover
Legal text: “No later than 31 December 2031 … (e) 95 % for nickel.” Regulation (EU) 2023/1542 (Batteries Regulation), Annex XII, Part C, point 2 ↗
10% EU extraction benchmark from 31 December 2030
EU extraction capacity, for strategic raw materials overall
Legal text: “by 2030 … at least 10 % of the Union’s annual consumption of strategic raw materials” Regulation (EU) 2024/1252 (Critical Raw Materials Act), Article 5(1)(a)(i) ↗
40% EU processing benchmark from 31 December 2030
EU processing capacity, for strategic raw materials overall
Legal text: “by 2030 … at least 40 % of the Union’s annual consumption of strategic raw materials” Regulation (EU) 2024/1252 (Critical Raw Materials Act), Article 5(1)(a)(ii) ↗
25% EU recycling benchmark from 31 December 2030
EU recycling capacity, for strategic raw materials overall
Legal text: “by 2030 … at least 25 % of the Union’s annual consumption of strategic raw materials” Regulation (EU) 2024/1252 (Critical Raw Materials Act), Article 5(1)(a)(iii) ↗
65% Single-country limit from 31 December 2030
Largest share of EU consumption that may come from one non-EU country, per strategic raw material and processing stage
Legal text: “by 2030 … no third country accounts for more than 65 % of the Union’s annual consumption of such a strategic raw material” Regulation (EU) 2024/1252 (Critical Raw Materials Act), Article 5(1)(b) ↗
Read in the original Official Journal version; later amendments are not reflected.
Risks & policy
Export controls in force
Compiled by USGS, effective January 2026. Not a live feed.
- ▲ BanIndonesia2020
Export ban: Bauxite (2023), copper concentrates (2023), and nickel ore (2020).
Source ↗ - ▲ BanLaos2024
Export ban: Raw minerals, including copper, gold, iron, nickel, potassium, silver, and zinc (2024).
Source ↗ - ▲ BanTanzania2017
Export ban: Ore concentrates of copper, gold, nickel, and silver (2017).
Source ↗
Chokepoints at sea
The atlas has no record of which minerals pass through which sea passage, so no chokepoint figure is attached to this profile. Current ship counts for the main passages are on the Live page. Open the Live page
What if?
Three calculators run on the figures of this profile. Each shows its formula and what it leaves out; none is a forecast.
What the atlas does not know about nickel
How much of the chain is on record, which producer countries have no site in the atlas, how mining and refining compare, and whether a price is open.
Data coverage
Mines on record: 89.1% (8/9)
Plants on record: 52.8% (4/7)
Owner or operator known: 22.4% (7/9)
Assurance known: no public assurance list is ingested yet
Mines:89% of world output lies in countries with a record (8 of 9 countries)(Mine production, 2025)
Producer countries without a record: China 3.1%
Processing plants:53% of world output lies in countries with a record (4 of 7 countries)(Refining (IEA), 2025)
Producer countries without a record: China 31%, Russia 3.3%, Japan 2.9%
Owners and operators:22% of world output lies in countries with a record (7 of 9 countries)(Mine production, 2025)
Producer countries without a record: Indonesia 67%, China 3.1%
- Assurance: No public assurance list is ingested yet
A country in these lists marks missing data, not missing industry.
Mining and refining: who leads
IEA GCMO 2026, 2025
- Mining:Indonesia 63% (about 3 in 5), 2025
- Refining:Indonesia 45% (about half), 2025
Price transparency
An open price series exists: Nickel, monthly average. It is on the Money tab.
Sources
Every source this profile uses, with its licence, the years its figures describe and how sure the figures are. Each chip on the profile opens the single record.
- Geoscience Australia critical minerals 2025 ↗92 records used
- Licence
- CC-BY-4.0
- As of
- 2025
- Confidence
- Reported
- WU Vienna mine database v1.0.3 ↗56 records used
- Licence
- CC-BY-4.0
- As of
- 2022
- Confidence
- Reported
- CEPII BACI 202601 ↗40 records used
- Licence
- Etalab Open Licence 2.0
- As of
- 2024
- Confidence
- Estimated
- NRCan critical minerals 2026 ↗24 records used
- Licence
- OGL-Canada-2.0
- As of
- 2026
- Confidence
- Reported
- Geoscience Australia operating mines 2025 ↗20 records used
- Licence
- CC-BY-4.0
- As of
- 2025
- Confidence
- Reported
- NRCan Map 900A (2025) ↗20 records used
- Licence
- OGL-Canada-2.0
- As of
- 2025
- Confidence
- Reported
- OpenStreetMap (Overpass) ↗20 records used
- Licence
- ODbL-1.0
- As of
- 2026
- Confidence
- Estimated
- USGS OFR 2017-1079 (Latin America and the Caribbean) ↗15 records used
- Licence
- Public domain (U.S. Government work)
- As of
- 2014–2015
- Confidence
- Reported
- Geoscience Australia plants 2026 ↗13 records used
- Licence
- CC-BY-4.0
- As of
- 2026
- Confidence
- Reported
- SGU mineral resources 2026 ↗10 records used
- Licence
- CC0-1.0
- As of
- 2019–2023
- Confidence
- Reported
- USGS MCS 2026 ↗8 records used
- Licence
- CC0-1.0
- As of
- 2024–2026
- Confidence
- Reported · Estimated
- Ember Yearly Electricity Data ↗7 records used
- Licence
- CC-BY-4.0
- As of
- 2025
- Confidence
- Reported
- IEA GCMO 2026 ↗6 records used
- Licence
- CC-BY-4.0
- As of
- 2021–2025
- Confidence
- Reported
- Eurostat cei_srm010 (EOL-RIR) ↗5 records used
- Licence
- Eurostat reuse policy (reuse authorised with acknowledgement of the source)
- As of
- 2013–2022
- Confidence
- Reported
- World Bank Pink Sheet ↗1 record used
- Licence
- CC-BY-4.0
- As of
- 2026
- Confidence
- Reported
- WRI Aqueduct 4.0 ↗1 record used
- Licence
- CC-BY-4.0
- As of
- 2023
- Confidence
- Estimated
Source registry for this material
- Mineral Commodity Summaries 2026 Data Release ↗, U.S. Geological Survey, National Minerals Information Center. Licence: CC0-1.0. annual (February).
- BACI bilateral trade flows at HS6 (version 202601) ↗, CEPII. Licence: Etalab Open Licence 2.0. annual.
- World Bank Commodity Price Data (The Pink Sheet), monthly ↗, World Bank, Prospects Group. Licence: CC-BY-4.0. monthly (first week).
- Contribution of recycled materials to raw materials demand, end-of-life recycling input rates (cei_srm010) ↗, Eurostat. Licence: Eurostat reuse policy (reuse authorised with acknowledgement of the source). every three years, with the EU critical raw materials assessment.
- Global Critical Minerals Outlook 2026 (annex supply tables) ↗, International Energy Agency. Licence: CC-BY-4.0. annual.
History & talk
Revision history and discussion are coming soon.
Every change to a figure will be listed here with its source, its credit and its review, and each profile will have a place to discuss it. Until then the data changes only when a source is updated, and every figure links to that source.