Top 10 Companies in the Nickel Matte Market (2025): Industry Titans Shaping Global Supply Chains

In Business Insights
September 17, 2025

The Global Nickel Matte Market was valued at USD 2.87 Billion in 2023 and is projected to reach USD 4.12 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.3% during the forecast period (2024–2030). This expansion is fueled by surging demand from stainless steel manufacturers, rapid growth in electric vehicle battery production, and increasing industrial applications across developing economies worldwide.

As industries worldwide shift toward sustainable materials and green energy solutions, nickel matte has emerged as a critical intermediate in nickel refining processes. This comprehensive market analysis examines the Top 10 Companies in the Nickel Matte Market—global mining powerhouses and specialized refiners that dominate the industry’s competitive landscape.

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🔟 1. BHP Group

Headquarters: Melbourne, Australia
Key Offering: High-purity nickel matte from integrated mining operations

BHP stands as a global mining leader, producing nickel matte through its Nickel West facilities in Western Australia. The company supplies premium-grade matte to stainless steel producers and battery manufacturers across three continents.

Operational Advantages:

  • Full vertical integration from mine to refined products
  • Annual production capacity exceeding 80,000 metric tons
  • Strategic investments in battery material supply chains

9️⃣ 2. Boliden AB

Headquarters: Stockholm, Sweden
Key Offering: Nickel-copper matte from European smelters

Boliden operates Scandinavia’s most technologically advanced nickel-copper smelting complex in Finland, producing refined nickel matte for specialized industrial applications.

Production Capabilities:

  • Proprietary flash smelting technology
  • Metal recovery rates above 98%
  • Closed-loop environmental systems

8️⃣ 3. Jilin Jien Nickel Industry

Headquarters: Jilin, China
Key Offering: Battery-grade nickel matte for domestic market

As China’s premier nickel producer, Jilin Jien supplies critical matte products to the nation’s booming electric vehicle and battery manufacturing sectors.

Market Position:

  • Annual capacity of 65,000 metric tons nickel equivalent
  • Strategic partnerships with leading battery manufacturers
  • Expanding hydrometallurgical capabilities

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7️⃣ 4. Chengtun Group

Headquarters: Xiamen, China
Key Offering: Nickel matte from global mining assets

Chengtun has aggressively expanded its nickel operations through strategic acquisitions in Indonesia, emerging as a key supplier to both steel and battery industries.

Expansion Strategy:

  • Major stakes in Indonesian nickel projects
  • Developing HPAL processing facilities
  • Fivefold capacity growth planned by 2026

6️⃣ 5. Western Mining Group

Headquarters: Xining, China
Key Offering: Nickel matte from Qinghai province operations

Western Mining dominates China’s integrated nickel sector with matte production facilities boasting 40,000-ton annual capacity, primarily serving domestic stainless steel makers.

Key Strengths:

  • Complete nickel-cobalt production ecosystem
  • Advanced environmental management systems
  • Strong government and industry partnerships

5️⃣ 6. Sumitomo Metal Mining (SMM Group)

Headquarters: Tokyo, Japan
Key Offering: Ultra-high purity nickel matte

SMM combines mining expertise with cutting-edge refining technology to produce specialized matte grades for premium industrial applications.

Technical Capabilities:

  • 99.9% purity production capabilities
  • Patented matte refining processes
  • Strategic alliances with Tesla and Panasonic

4️⃣ 7. Jinchuan Group

Headquarters: Jinchang, China
Key Offering: Nickel matte from world-class operations

Jinchuan ranks as the world’s third largest nickel producer, manufacturing matte as a key intermediate for its extensive downstream processing network.

Growth Initiatives:

  • 150,000-ton annual nickel matte capacity
  • New HPAL facilities in Indonesia
  • Battery material joint ventures

3️⃣ 8. Norilsk Nickel

Headquarters: Moscow, Russia
Key Offering: Nickel-copper matte with byproduct metals

Norilsk Nickel remains a major global matte supplier despite geopolitical challenges, leveraging its unique Arctic mineral deposits.

Production Metrics:

  • 200,000+ metric tons annual nickel production
  • Integrated precious metals recovery
  • Decades of matte converting expertise

2️⃣ 9. PT Vale Indonesia

Headquarters: Jakarta, Indonesia
Key Offering: Nickel matte from Southeast Asian operations

Vale’s Indonesian facilities produce substantial nickel matte volumes, strategically positioned to serve Asia’s growing industrial demand.

Strategic Assets:

  • Access to world-class nickel laterite resources
  • Expanding HPAL and RKEF capacity
  • 60,000-ton matte production capacity

1️⃣ 10. Anglo American

Headquarters: London, UK
Key Offering: Responsibly sourced nickel matte

Anglo American produces nickel matte through its Brazilian operations, supplying global markets with ethically produced intermediates.

Sustainability Leadership:

  • Carbon-neutral production roadmaps
  • Comprehensive ethical sourcing certifications
  • Closed-loop water management systems

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🌍 Nickel Matte Market Outlook: The Clean Energy Transition

The nickel matte sector is undergoing significant transformation as demand patterns shift from traditional steel applications to battery materials and high-tech industrial uses.

📈 Market-Shaping Trends:

  • EV sector driving 14% annual growth in battery-grade nickel demand
  • Technological evolution toward HPAL and hydrometallurgical processes
  • Geopolitical factors influencing global trade patterns
  • Environmental regulations accelerating cleaner production methods

Get Full Report Here: https://www.24chemicalresearch.com/reports/233231/nickel-matte-market-2023-2031-650