MCS 2026 sheet

Nickel

NiFinal 2025 CML

U.S. mine output +34% in 2025 from a small base (Eagle, Tamarack district).

U.S. production 2025

thousand metric tons

U.S. value

$390M

price -11%

World production

3,700

thousand metric tons

Net import reliance

48%

Canada

Primary uses

Stainless, EV cathodes, superalloys

Sibanye-Stillwater · 1600 crew · Magmatic PGM (J-M Reef)

Lundin Mining · 320 crew · Magmatic Ni-Cu