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Developing the next major nickel project in Brazil

Stainless Steel

Approximately two thirds of global nickel production is used to produce stainless steel. Ferronickel is preferred by stainless steel mills due to its iron content.

Nickel-containing materials play a major role in our everyday lives, including food preparation equipment, mobile phones, medical equipment, transport, buildings, power generation. Nickel-containing materials are selected because - compared with other materials - they offer better corrosion resistance, better toughness, better strength at high and low temperatures, and a range of special magnetic and electronic properties.

According to the International Nickel Study Group, usage of nickel is correlated with economic development and has continually increased over time. World nickel demand increased from 907,000t in 1990 to 1.465Mt by 2010, an annual average growth rate of 2.3%. Since then the strong growth recorded by the Chinese economy has further accelerated the increase in nickel demand that recorded in only six years, from 2010 up to 2015, an annual growth rate of 5.0%.

Asia is now by far the largest regional market for nickel currently representing 71% of total world demand. China alone accounts for more than half of world nickel demand compared with less than a fifth a decade earlier.

* Source: Nickel Institute

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