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Our nickel business is well placed to serve the global stainless steel industry, which depends on nickel and drives demand for it.

Our assets are in Brazil, with two ferronickel production sites – Barro Alto and Codemin, in the state of Goiás.


Stainless steel has become iconic of high-tech design and construction. Most stainless steels contain about 8-10% nickel. Around two-thirds of all refined nickel produced is used by the stainless steel industry.

Nickel is used to make other alloys with special properties. Corrosion-resistant alloys are used in chemical plants, while ‘super-alloys’ withstand extreme temperatures and are used in aviation. Nickel is also used in electronics and as a substrate for chromium plating.

Nickel is the fifth most common element on Earth and known reserves are estimated to last another 100 years at present mining rates. It occurs in sulphides found underground and laterites that can be mined using open pit methods.