Glencore is one of the largest nickel mining and producing companies in Asia, Africa, Australia, North America and Europe. Headquartered in Switzerland, Glencore has a diversified portfolio that includes mining of copper, iron, zinc , aluminium, cobalt, lithium, and other metal.

The Swiss mining giant produced 110,000 tonnes of nickel in 2020, selling 149,000 tonnes of nickel in the same period. In 2021, it produced 102,300 tonnes of nickel, indicating a 7% drop.10 According to the company report, this was due to lengthy scheduled statutory shutdown and maintenance issues at Murrin Murrin earlier that year. The Murrin Murrin mine is one of Australia’s largest nickel and cobalt producers, accounting for 31% of Glencore’s nickel production in 2020.11 Glencore is expected to produce 115,000 tonnes of nickel in 2022, recovering from the impact that COVID had on production in 2020.12 It remains just to be seen just how much the expected projection will improve the market cap, which was $47 billion at the time of writing (February 2022).13