Fitch unit: Nickel output to grow 2.5% annually in 10 years

As mining firms are set to recover this year, nickel production in the country is expected to grow at an annual average rate of 2.5 percent over the next decade, Fitch Solutions Macro Research said.

In its latest industry report, Fitch Solutions said the country’s nickel mining output would increase by 2 percent to 346,800 metric tons (MT) this year, which is expected to sustain growth by 1.5 percent to 352,000 MT in 2020.