Nickel is the fifth most common element in the Earth. About two-thirds of World Nickel consumption is used to make stainless steel and other alloys. Nickel provides strength, ductility, high temperature and corrosion resistance. The most widely known alloy is “stainless steel”, is commonly used in transportation, construction, and in industrial applications the chemical industry and in oil and gas engineering. Other alloys consisting nickel are used in jet engines and in industrial gas turbines for electricity generation. Another common application of about one-fifths of total nickel consumption is electroplating and other electronics use. Nickel’s unique qualities have made it useful in millions of applications and products that enrich our lives.



Nickel world market is characterized by rising demand and constrained supply. More than 54% if world total supply comes from only five companies. The world nickel consumption is growing by an average 3.1 per cent a year. The major producers of Nickel are Russia, followed by Australia, Canada, New Caledonia and Indonesia, which represents over 65% of total world production. The world primary nickel consumption is about 1 million tons and the largest consumption centers are Japan 200,000 tons and European Union 374,000 tons. The rapid expansion of global stainless steel production is fuelling demand for primary nickel. The nickel market overall has seen strong growth in demand. For the period 2000 to 2006, when demand peaked, consumption at the world level increased at an annual average rate of 3.8%. Although consumption increased across the world, China exhibited the largest growth. Between 2000 and 2009, its domestic demand is estimated to have risen by an annual average rate of almost 25%. This phenomenal growth has seen China become the world's largest consumer of nickel. In 1995 China accounted for a modest 4% of world consumption, increasing to almost 30% in 2008. The rise in demand for nickel in the coming years is primarily due to an increase in demand for stainless steel. Stainless steel production, the largest end-use for nickel, is forecast to reach 27Mt in 2010 (an 8% increase year-on-year), and almost 30Mt in 2011. (Data and information sourcing form and )


Iron and iron alloys are by far the most common metals and the most common ferromagnetic materials in everyday use. With the benefit of low cost and high strength, iron accounts for 95% of worldwide metal production. It is irreplaceable in most construction of machinery, automobiles, ships, and structural components for buildings and infrastructure and the making of weapons and tools. Iron is also relatively easy to shape into various forms, as well as refine, using simple tools. The world consumption of iron ore grows at an average of 10% per annum with the main consumers being China, Japan, Korea, the United States and the European Union. China has been the main driver to the increasing demand and the world’s biggest buyer of this commodity. The imports of iron ore rose to 628 million metric tons for 2009 from 443.6 million tons in 2008 to satisfy the large demand from automakers, home-appliance manufacturers and builders. (Sourcing from Bloomberg)

Projects | Future Development | Our Products  
Site Map
Copyright © 2017 Race Resources Limited. All rights reserved.