Nickel Market to Achieve USD 59.14 Billion by 2028 | Fortune Business Insights™

Companies covered in nickel market are Anglo American plc (U.K.), BHP (Australia), Eramet (France), Norilsk Nickel (Russia), Sumitomo Metal Mining Co., Ltd. (Japan), Glencore (Switzerland), Sherritt International Corporation (Canada), Vale (Brazil), Jinchuan Group International Resources Co. Ltd (Hong Kong), Terrafame Ltd. (Finland) and more players profiled.

December 15, 2022 07:54 ET | Source: Fortune Business Insights

Pune, India, Dec. 15, 2022 (GLOBE NEWSWIRE) -- According to Fortune Business Insights™, the nickel market size is predicted to reach USD 59.14 billion by 2028 and exhibit a CAGR of 7.3% during the forecast period. Fortune Business Insights™ has presented this information in its report titled, “Nickel Market, 2021-2028”. Nickel (Ni) is a naturally occurring silvery-white, shiny metallic element. Because of its remarkable physical and chemical qualities, the substance is a required component in a variety of products. Its principal use is alloying stainless and heat-resistant steels, particularly with chromium and other metals.

Lower-grade Ni ore can now be processed because of advances in mining, smelting, and refining technology. Furthermore, rising exploratory operations by mining corporations, fueled by low commodity prices, are expected to enhance Ni metal uptake. Furthermore, increasing technological advancements in stainless steel and rising consumer spending on Ni-based items, such as alloys and batteries, would boost global market expansion over the anticipated timeline.

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List of Key Market Players:
 
• Anglo American plc (U.K.)
   
• BHP (Australia)
   
• Eramet (France)
   
• Norilsk Nickel (Russia)
   
• Sumitomo Metal Mining Co., Ltd. (Japan)
   
• Glencore (Switzerland)
   
• Sherritt International Corporation (Canada)
   
• Vale (Brazil)

• Jinchuan Group International Resources Co. Ltd (Hong Kong)

• Terrafame Ltd. (Finland)