Global nickel business in nutshel
Indonesia’s nickel boom comes at cost: Indonesia now produces nearly two-thirds of the world’s refined nickel – up from just 6% a decade ago – but this rapid growth is fueled by coal-fired smelters and rainforest destruction.
global Demand Soaring Amid Supply Risks: nickel demand projected to increase 45–65% by 2030, reaching 5–6 million tonnes driven by long-term strength in stainless steel & alloys with additional demand from defense applications and EV production, yet supply highly concentrated in Indonesia and Chinese-controlled processing.
West fast-tracking “Net-Zero” nickel mines: Western governments accelerating permits and investment in domestic critical mineral projects to secure supply and improve environmental footprint.
Canada’s giant Crawford nickel project in Ontario: among the world’s largest nickel sulfide deposits and just designated a strategic “nation-building” mine, with projected CO₂ emissions 90% below the global average and plans to store 1.5 Mt CO₂ annually in tailings.
