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(MoneyNewsWire.Net, July 30, 2018 ) Nickel ore mining industries include companies carrying out activities such as developing mine sites and preparing nickel ores and recovering nickel concentrates through precipitation, leaching and elector wining nickel ores.
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The market was valued at $8 billion in 2017, and is expected to grow at a higher growth rate than the historic period due to estimated future stability in the commodity prices, and rising demand for metallic and non-metallic products from developing countries such as India, for purposes of building and construction, and manufacturing.
Asia- Pacific was the largest geographic region in the nickel mining market in 2017, accounting for about half of the global market share.
The nickel mining market is split into segments: pentlandite (sulfide ore) and laterite.
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China was the biggest player in the market in 2017, accounting for one one-fifth of the market share. This can be attributed to the country’s economic power, abundant mineral resources, increased energy demand, and high government and private expenditure in the manufacturing industry. China was followed by the USA as the next largest country in the market.
The top five competitors in the market are Vale SA, MMC Norilsk Nickel, Xstrata Plc, Jinchuan Group Ltd, and BHP Billiton Ltd. Vale SA is the world's largest iron ore producer. Sales of iron ore fines and pellets represented two-third of total company revenues in 2014. In 2014, Vale sold 256 million metric tons of iron ore fines and 44 million metric tons of iron ore pellets. Vale's Mariana Hub was the 9th largest iron ore mining center in the world in 2014, with an output of 39 million metric tons.
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