The latest report published by the World Metal Statistics Bureau (WBMS) shows that in September 2024, the global refined nickel production was 287,896 tons, the consumption was 285,062 tons, and the supply surplus was 2,834 tons.
PT Aneka Tambang Tbk. (ANTM) forecasts nickel ore production to reach 11-11.5 million metric tons by the end of 2024. This year, the state-owned mining company received a production license for up to 12 million tons of nickel ore.
Nickel miner Prony Resources New Caledonia has brought its staff back onsite as it prepares to restart output after a six-month suspension triggered by riots in the French territory.
Jérôme Baudelet, CEO of nickel company Eramet Indonesia, has predicted that in the next 10 years, Indonesia will become the world’s largest nickel producer following significant increase in production volume in recent times.