Nickel is a silvery-white transition metal with atomic number 28, positioned between iron and copper in the periodic table. Global nickel production reached approximately 3.3 million tonnes in 2023, with Indonesia alone contributing roughly 1.8 million tonnes or more than half the world total. The Philippines and Russia follow as the second and third largest producers. Indonesia's dominance stems from its vast laterite nickel reserves on Sulawesi and Halmahera islands, processed through rotary kiln electric furnace and high-pressure acid leach technologies, largely funded by Chinese investment.
Nickel as an Alloying Element
Nickel's primary industrial role is not as a standalone metal but as an alloying addition to other metals. Roughly two-thirds of all nickel mined goes into stainless steel production. In austenitic stainless steels, nickel stabilises the face-centred cubic crystal structure at room temperature, transforming what would otherwise be magnetic ferritic steel into non-magnetic, highly formable austenitic steel. Grade 304 contains approximately 8% nickel, while Grade 316, with its molybdenum addition for chloride resistance, retains a similar nickel level. Without nickel, the modern stainless steel industry as we know it would not exist.
Nickel-based superalloys, of which Inconel is the best-known family, contain 50% to 70% nickel with chromium, iron, molybdenum, and niobium additions. Inconel 625, containing roughly 58% nickel, 21% chromium, and 9% molybdenum, retains useful strength to 980 degrees Celsius and resists oxidation and carburisation in aggressive chemical environments. Gas turbine combustion chambers, afterburner components, and nuclear reactor pressure vessel internals rely on these alloys. Inconel 718, the most widely used superalloy, is strengthened by gamma-prime and gamma-double-prime precipitates of Ni3Nb composition, achieving yield strengths above 1,000 MPa at service temperatures exceeding 650 degrees Celsius.