Nickel industry costs: Key companies review - Q3 2022

This insight examines the production profiles, reserves, and costs of production for the top six key nickel producing companies, namely Tsingshan Group, Nornickel, Vale, Glencore, Jinchuan and BHP Group, which collectively account for 35% of global nickel output estimated for 2022. We have analysed each company’s C1 cash costs and compared them against the global population to provide insights into the nickel producers’ current and future state. Additionally, we provide a snapshot of the company’s emissions and the ESG initiatives each will undertake to reduce its carbon footprint.