Nickel Mining Market to Register Substantial Expansion by 2024 - PowerPoint PPT Presentation

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Nickel Mining Market to Register Substantial Expansion by 2024

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Nickel Mining Market to Register Substantial Expansion by 2024 – PowerPoint PPT presentation

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Title: Nickel Mining Market to Register Substantial Expansion by 2024


1
Nickel Mining Market
  • Global Industry Analysis, Size, Share, Growth,
    Trends and Forecast, 2023

2
About Us
  • Transparency Market Research (TMR) is a market
    intelligence company, providing North America
    business information reports and services. Our
    exclusive blend of quantitative forecasting and
    trends analysis provides forward-looking insight
    for thousands of decision-makers. We have an
    experienced team of Analysts, Researchers, and
    Consultants, who use proprietary data sources and
    various tools and techniques to gather and
    analyze information. Our business offerings
    represent the latest and the most reliable informa
    tion indispensable for businesses to sustain a
    competitive edge.
  • Each TMR Syndicated Research report covers a
    different sectorsuch as pharmaceuticals,
    chemical, energy, food beverages,
    semiconductors, med-devices, consumer goods, and
    technology. These reports provide in-depth
    analysis and deep segmentation to possible micro
    levels. With a wider scope and stratified
    research methodology, our syndicated reports
    strive to serve clients and satisfy their overall
    research requirement.

3
Nickel Mining Market Overview
  • Nickel is a crucial element used for several
    applications such as for making nickel steels,
    electroplating and superalloys.
  • Increasing industrialization coupled with the
    infrastructure development has increased the
    demand for steel across the globe.
  • Increasing demand for steel has swelled the
    demand for nickel mining. The mining industry has
    seen a growth that has resulted due to the
    increasing demand for minerals and metals from
    the different sectors of the economy coupled with
    the advancements in the mining technologies.

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4
Nickel Mining Market Drivers and Restraints
  • Nickel is a silvery-white lustrous metal. Due to
    its high reactivity with oxygen, nickel is mostly
    found in the interiors of large-iron meteorites.
  • Nickel is used in wide range of applications due
    to its less corrosive nature and less ductility.
    Nickel is extracted for ores by roasting and
    reduction processes.
  • The methods provides more than 70 purity,
    making it usable for production of stainless
    steel without further purifying it.
  • However, stainless steels produced from it cant
    be used for every applications.

5
Nickel Mining Market Application
  • Global nickel mining market can be segmented into
    stainless steel, super magnets, electroplating
    chemicals, rechargeable batteries and others
    (coinage, microphone capsules and electric guitar
    components).
  • Majority of the nickel produced across the globe
    is used for production of alloy steel such as
    nickel steel and nickel cast iron.
  • Other alloys produced using nickels are alloys
    with chromium, lead, copper, gold, silver,
    cobalt, aluminum, nickel brasses and bronzes.

6
Some of the key players in the global Nickel
Mining Market 
  • Vale SA (Brazil),
  • Rio Tinto Group (Australia)
  • BHP Billiton plc (Australia)
  • Sumitomo Metal Mining Co. (Japan)
  • MMC Norilsk Nickel (Russia)
  • Eramet SA (France)
  • Jinchuan Group Ltd (China)

7
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