Global Nickel Mining Market Size & Outlook, 2025-2033

The global nickel mining market size was estimated at USD 90,572.9 million in 2024 and is projected to reach USD 105,815.4 million by 2033, growing at a CAGR of 2% from 2025 to 2033.
Revenue, 2024 (US$M)
$90,572.9
Forecast, 2033 (US$M)
$105,815.4
CAGR, 2025 - 2033
2%
Report Coverage
Worldwide

Global nickel mining market highlights

  • The global nickel mining market generated a revenue of USD 90,572.9 million in 2024 and is expected to reach USD 105,815.4 million by 2033.
  • The market is expected to grow at a CAGR (2025 - 2033) of 2% by 2033.
  • In terms of segment, stainless steel accounted for a revenue of USD 64,094.3 million in 2024.
  • Batteries is the most lucrative end use segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2024.
  • Country-wise, China is expected to register the highest CAGR from 2025 to 2033.

Global data book summary

Market revenue in 2024USD 90,572.9 million
Market revenue in 2033USD 105,815.4 million
Growth rate2% (CAGR from 2025 to 2033)
Largest segmentStainless steel
Fastest growing segmentBatteries
Historical data covered2021 - 2023
Base year for estimation2024
Forecast period covered2025 - 2033
Quantitative unitsRevenue in USD million
Market segmentationStainless Steel, Non-Ferrous Alloys, Batteries

Other key industry trends

  • In terms of revenue, the North America accounted for 12.5% of the global nickel mining market in 2024.
  • By country, the Indonesia is projected to lead the global market in terms of revenue in 2033.
  • By country, China is the fastest growing regional market and is projected to reach USD 4,618.8 million by 2033.

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Nickel Mining Market Companies

Name Profile # Employees HQ Website
Jinchuan Group International Resources View profile 11-50 Admiralty, Hong Kong Island, Hong Kong, Asia http://jinchuan-intl.com
Sherritt International Corp View profile 3461 22 Adelaide Street West, Suite 4220, Toronto, ON, Canada, M5H 4E3 https://www.sherritt.com
BHP Group Ltd View profile 42319 171 Collins Street, Level 18, Melbourne, VIC, Australia, 3000 https://www.bhp.com
Anglo American PLC View profile 58000 17 Charterhouse Street, London, United Kingdom, EC1N 6RA https://www.angloamerican.com
Glencore PLC View profile 83426 Baarermattstrasse 3, Baar, Switzerland, CH-6340 https://www.glencore.com
Eramet SA View profile 13764 10 Boulevard de Grenelle, CS 63205, Paris, France, 75015 https://www.eramet.com
Vale SA ADR View profile 66807 Praia de Botafogo, 186, Salas 501 a 1901, Botafogo, Rio de Janeiro, RJ, Brazil, 22250-145 https://www.vale.com
Sumitomo Corp View profile 108457 3-2 Otemachi 2-Chome, Chiyoda-ku, Tokyo, Japan, 100-8601 http://www.sumitomocorp.co.jp

Global nickel mining market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to nickel mining market will help companies and investors design strategic landscapes.


Stainless steel was the largest segment with a revenue share of 70.77% in 2024. Horizon Databook has segmented the Global nickel mining market based on stainless steel, non-ferrous alloys, batteries covering the revenue growth of each sub-segment from 2021 to 2033.


  • Global Nickel Mining End Use Outlook (Revenue, USD Million, 2021-2033)
    • Stainless Steel
    • Non-Ferrous Alloys
    • Batteries
    • Others

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Horizon Databook provides a detailed overview of global-level data and insights on the Global nickel mining market , including forecasts for subscribers. This global databook contains high-level insights into Global nickel mining market from 2021 to 2033, including revenue numbers, major trends, and company profiles.

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Global nickel mining market size, by regions, 2021-2033 (US$M)

Top 10 countries: Nickel mining market size, 2024 (US$M)

Global nickel mining market share, by end use, 2024 & 2033 (%, US$M)

Nickel mining market: Opportunity assessment by country

Global nickel mining market, by region, 2024 (US$M)

Global nickel mining market size, by regions, 2021-2033 (US$M)

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