Mining Commodities & Minerals · Direct
Monitoring · monthlyProcurement Category Intelligence
Nickel Ore
Overview
Market size
$48
global, USD
CAGR
5.8%
base to forecast
Buyer power
-2.4
supplier-favoured
Suppliers
7
tracked players
Signals
12
1 high severity
Market outlook
2031$64
What changed
Demand by region
China demand55%
Europe demand15%
North America demand12%
Asia Pacific ex China demand10%
Rest of world demand8%
share of global demandtotal 100%
Cost drivers
Mining extraction and diesel fuel35%
Smelting and rotary kiln power consumption25%
Inland transport and ocean freight20%
Labor and site maintenance12%
Exploration and environmental compliance8%
share of delivered cost (analyst estimate)