Nickel Mining Market to Register Substantial Expansion by 2024

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Nickel Mining Market

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2023

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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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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.

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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.

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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)

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