Nickel: Production
How Indonesia took over the world's nickel supply
How Indonesia took over the world's nickel supply What this tab covers Who produces it and how much: world output over recent years, the top producing countries with their shares, USGS world figures for 2024 and 2025, and the largest producing companies globally and in India.Indonesia produced 62% of world mine output in 2024, giving an HHI of 4,039, which is highly concentrated. The Philippines followed with about 10% and Russia with 6%. World output rose 48% between 2020 and 2024, almost all of the growth Indonesian. USGS expects Indonesian output to rise another 13% in 2025, to about two-thirds of the world total. Much of it is processed in Chinese-backed industrial parks in Indonesia. High-cost producers are retreating: Australian output fell an estimated 54% in 2025 as mines went into care and maintenance.
Nickel · WMD
2020 2.50 m 2021 2.86 m 2022 3.25 m 2023 3.69 m 2024 3.70 m World production, tonnes (World Mining Data 2026).Top producers 2024
Indonesia 62.2% Philippines 9.6% Russia 5.9% Canada 3.6% New Caledonia 3.1% China 3.0% Australia 2.7% Brazil 1.8% Concentration: HHI 4,039, highly concentrated.USGS estimate
World, 2024 3,710,000 metric tons, Ni content (mine) World, 2025e 3,900,000 metric tons, Ni content (mine)Largest producers by company, global
- Nornickel: 199 kt Ni (2025)
- Vale Base Metals: 177 kt Ni (2025)
- Glencore: 71.9 kt Ni (own sourced) (2025)
Largest producers by company, India
- Jindal Stainless: 2.56 Mt stainless steel sold (FY2026)
- New Yaking (49% Jindal Stainless): 200 kt NPI a year capacity (about 14% Ni) (2024)
- Nicomet (Vedanta): 7.5 kt Ni+Co a year capacity (2021)
- Hindustan Copper: 0.39 kt nickel sulphate a year installed capacity (no output reported since 2004-05) (2022)