Global Nickel Reserves Increased in 2022, Reaching a New Record High

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Adi Ahdiat 06/11/2023 12:22 WIB

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According to the USGS, global nickel reserves totaled 100 million tonnes in 2022. This represents an increase of approximately 5 million tonnes, or 5.3%, compared to 2021, setting a new record high.

Global Nickel Reserve Volume (2000-2022)

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Global Nickel Reserve Volume (2000-2022)

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The United States Geological Survey (USGS) estimates that total global nickel reserves reached 100 million tons in 2022.

This figure represents an increase of approximately 5 million tons, or 5.3%, compared to 2021, setting a new record high in the last two decades.

The reserves figures recorded by the USGS represent all nickel reserves that can be economically extracted or produced, even if the extraction facilities do not yet exist or are not yet operational.

In terms of distribution, the majority of global nickel reserves in 2022 were located in Indonesia (21 million tons), Australia (21 million tons), and Brazil (16 million tons).

Cumulatively, these three countries are estimated to control approximately 58 million tons, or 58%, of total global nickel reserves.

According to the Nickel Institute, global nickel reserves have steadily increased over the past few decades due to various factors, including increased exploration activity.

"Several parameters play a role (in the increase of nickel reserves), such as better knowledge of new reserve deposits in remote areas, and increased exploration activity by mining companies, driven by attractive commodity prices," stated the Nickel Institute on its official website.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Global Nickel Reserves Increased in 2022, Reaching a New Record High

Global Nickel Reserves Increased in 2022, Reaching a New Record High

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Global Nickel Reserves Increased in 2022, Reaching a New Record High

Global Nickel Reserves Increased in 2022, Reaching a New Record High

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