The Global Carbonyl Nickel Powder Market was valued at USD 1.52 Billion in 2024 and is projected to reach USD 2.14 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period (2024–2030). This robust expansion is propelled by escalating demand from the electronics, automotive, and aerospace sectors, coupled with the critical role of nickel powder in manufacturing advanced batteries, superalloys, and catalysts essential for the global energy transition.

As industrial processes demand higher purity and specialized material properties, the spotlight intensifies on the key producers driving innovation and supply chain stability. In this analysis, we profile the Top 10 Companies in the Carbonyl Nickel Powder Industry—a group of mining giants, specialized refiners, and chemical processors shaping the future of high-performance materials.

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🔟 1. Vale S.A.

Headquarters: Rio de Janeiro, Brazil
Key Offering: High-purity Nickel Powder, Nickel Pellets, Nickel Oxides

Vale is one of the world’s largest mining companies and a leading producer of nickel. Its base metals division operates massive integrated mines and refineries, producing carbonyl nickel powder as a high-value product stream. Vale’s global supply chain ensures consistent delivery to alloy makers and battery manufacturers worldwide.

Innovation and Capacity Initiatives:

• Expansion of the Voisey’s Bay mine and Long Harbour Processing Plant

• Investment in low-carbon nickel production technologies

• Strategic focus on supplying the electric vehicle battery market

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9️⃣ 2. MMC Norilsk Nickel

Headquarters: Moscow, Russia
Key Offering: Carbonyl Nickel Powder (Grades 123, 255, 287), Nickel Cathodes

Norilsk Nickel is the world’s largest producer of refined nickel and palladium. The company operates the carbonyl process at its Kola Mining and Metallurgical Company, producing highly spherical and pure nickel powders that are critical for powder metallurgy and electronic applications.

Innovation and Capacity Initiatives:

• Modernization of carbonyl nickel powder production lines

• Implementation of advanced environmental and safety standards at production facilities

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8️⃣ 3. BHP Billiton Ltd

Headquarters: Melbourne, Australia
Key Offering: Nickel West Powder, Nickel Sulfate

Through its Nickel West operations in Western Australia, BHP is a significant integrated nickel producer. The business converts nickel sulfide ore into high-purity nickel powder and other premium products, serving global stainless steel and battery sectors. Its strategic positioning in Australia provides access to key Asian markets.

Innovation and Capacity Initiatives:

• Development of nickel sulfate production for the electric vehicle supply chain

• Exploration of new nickel sulfide resources to extend mine life

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7️⃣ 4. Jinchuan Group International Resources Co. Ltd.

Headquarters: Jinchang, Gansu, China
Key Offering: JNMC Nickel Powder, Nickel Cathodes, Cobalt Products

Jinchuan Group is China’s largest producer of nickel, cobalt, and platinum group metals. It operates one of the world’s most integrated nickel production bases, supplying carbonyl nickel powder to domestic and international markets. The company plays a pivotal role in China’s strategy for securing critical mineral supplies.

Innovation and Capacity Initiatives:

• Expansion of nickel powder capacity to meet domestic industrial demand

• Investment in recycling technologies for nickel-bearing scrap

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6️⃣ 5. Sumitomo Metal Mining Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: SMM Nickel Powder, High-Purity Nickel, Battery Materials

Sumitomo Metal Mining is a leading Japanese non-ferrous metal smelter with advanced nickel refining capabilities. The company produces high-quality carbonyl nickel powder for electronic components, catalysts, and specialty alloys, leveraging its technical expertise to serve demanding high-tech industries.

Innovation and Capacity Initiatives:

• Development of nickel powders for next-generation lithium-ion battery cathodes

• Focus on high-value-added products with superior consistency and purity

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5️⃣ 6. Anglo American plc

Headquarters: London, United Kingdom
Key Offering: Nickel Powder, Ferronickel, Nickel Pig Iron

Through its majority stake in Anglo American Platinum, the company has significant nickel production as a by-product of platinum group metals mining. Anglo American’s commitment to FutureSmart Mining™ includes innovative approaches to nickel production, focusing on sustainability and digitalization.

Innovation and Capacity Initiatives:

• Integration of advanced process control and automation in refining

• Commitment to carbon-neutral mining operations by 2040

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4️⃣ 7. Sherritt International Corporation

Headquarters: Toronto, Canada
Key Offering: Powder Grade Nickel, Nickel Briquettes, Cobalt

Sherritt is a world leader in the hydrometallurgical processing of nickel and cobalt from lateritic ores. While its primary focus is on finished nickel briquettes, the company’s technologies and refining capabilities position it as a key player in the high-purity nickel supply chain, including powder applications.

Innovation and Capacity Initiatives:

• Proprietary pressure acid leaching technology for nickel and cobalt recovery

• Ongoing optimization of the Moa Joint Venture in Cuba and refinery in Fort Saskatchewan, Canada

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3️⃣ 8. Jilin Jien Nickel Industry Co., Ltd.

Headquarters: Jilin City, Jilin, China
Key Offering: Nickel Powder, Nickel Sulfate, Electrolytic Nickel

Jilin Jien Nickel is a major Chinese nickel producer with integrated mining, smelting, and refining operations. The company supplies carbonyl nickel powder to the domestic market, supporting China’s growing manufacturing sector, particularly in alloy production and chemical catalysis.

Innovation and Capacity Initiatives:

• Capacity expansion to support China’s industrial growth

• Development of nickel-based new energy materials

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2️⃣ 9. Pacific Metals Co., Ltd. (Tohoku Pacific Metals)

Headquarters: Tokyo, Japan
Key Offering: High-Purity Nickel Powder, Ferronickel, Stainless Steel

Pacific Metals is a specialized Japanese ferronickel producer that also supplies high-purity nickel products. The company’s technical expertise in nickel processing allows it to produce fine nickel powders for specialized applications in electronics and advanced materials.

Innovation and Capacity Initiatives:

• Focus on high-purity products for Japan’s electronics industry

• Energy-efficient production processes and environmental management

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1️⃣ 10. Nizi International

Headquarters: Zug, Switzerland
Key Offering: Nickel Powder Distribution, Supply Chain Management

Nizi International operates as a specialized trader and distributor of nickel products, including carbonyl nickel powder. The company sources from various producers and supplies a global client base, providing logistical expertise and market intelligence to connect producers with end-users across diverse industries.

Innovation and Capacity Initiatives:

• Development of efficient global supply chains for nickel powders

• Strategic partnerships with producers and consumers to stabilize markets

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🌍 Outlook: The Future of Carbonyl Nickel Powder Is High-Tech and Sustainable

The carbonyl nickel powder market is undergoing a significant transformation. While traditional applications in alloys and plating remain vital, the industry is increasingly driven by advanced technological applications, particularly in the energy storage and electronics sectors. Producers are investing in cleaner production methods and higher purity grades to meet the exacting standards of modern manufacturing.

📈 Key Trends Shaping the Market:

• Rising demand from the electric vehicle battery supply chain for nickel-rich cathode materials

• Increasing adoption of powder metallurgy in automotive and aerospace for lightweight, high-strength components

• Technological advancements in carbonyl process efficiency and powder characteristics control

• Growing emphasis on sustainable and traceable nickel sourcing from mine to final product

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The companies listed above are not only supplying a critical industrial material—they’re enabling the technological advancement of global manufacturing and the clean energy transition.

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