Country Report

Global nickel industry cost summary

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Nickel producers face profitability pressure despite lower costs in 2025. Annual average C1 plus sustaining costs fell year-on-year through higher by-product credits, yet price declines continue to challenge industry economics. Wood Mackenzie's Q3 Global Nickel Cost Summary delivers comprehensive analysis of the current cost landscape. The report benchmarks global producers by asset and process type, examining how regional policy changes and cost components affect operations while tracking recent corporate divestments that reshape industry dynamics.

Table of contents

  • Updated data and analysis, Q3 2025

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What's included

This report contains:

  • Document

    Appendix Technology Nickel

    PDF 413.03 KB

  • Document

    Woodmac Global Nickel Industry Cost Summary (Q3 2025).pdf

    PDF 2.27 MB