Take stock of the world's top ten nickel projects in 2022

Nickel metal is mainly used in the steelmaking process, but it is also an indispensable raw material for batteries for electric vehicles, and is the metal that has grabbed the most headlines so far this year
.
This week alone, prices on the London Metal Exchange rose 15%, with another series of wild swings
as the market sought to rebalance after an unprecedented short squeeze and a week-long trading pause.

Chaotic trading in early March caused nickel prices to soar 250% to a high of $101,365 a tonne
.
When the dust settles after the nickel price upheaval settles, as EV manufacturers race to make more batteries and manufacturers increasingly use high-nickel cathode battery chemistries, certainty of demand for the metal remains
.

To identify the major nickel deposits that may form part of the global supply pattern in the future, the top 10 nickel mine projects
currently under construction in the world are listed based on nickel resources in the measurement and inference category, combined with data provided by MINING.
COM and Mining Intelligence.

#1 NORI Clarion-Clipperton

Development Status: Advanced Exploration Geology: Sedimentary manganese mineralization

Other commodities: cobalt, copper, manganese

The Nori Clarion-Clipperton polymetallic project is located in the northeastern Pacific Ocean and contains 11.
53 million tons
of metals.
The project is named
after the seabed area between Hawaii and Mexico, international waters.
The exploration contract is held by Nauru Ocean Resources Inc.
, but Metals Corporation (formerly Deep Green Metals) has exclusive rights
to the area.

#2 TOML Clarion-Clipperton

Development Status: Advanced Exploration Geology: Sedimentary manganese mineralization

Other commodities: cobalt, copper, manganese

The TOML discovery adjacent to Tonga is also part of Metals' portfolio and has an estimated resource of 9.
9 million tonnes containing nickel at a grade similar
to NORI.
In 2020, Metals acquired Tonga Offshore Mining Limited TOML, granting the company exploration rights
over a 74,713 square kilometre CCZ seabed block.

#3 Sangaji

Development Status: Advanced Exploration Geology: Nickel-cobalt laterite

Other commodities: cobalt, iron

The Sangaji project in Halmahera, Indonesia, held by Indonesian miner ANTAM, ranked third
with 6.
61 million mt of nickel.

#4 Turnagain

Development Status: Feasibility Geology: Magmatic Sulfides

Other commodities: cobalt, palladium, platinum, magnetite

In fourth place is Waterton Global Resource Management's Dumont nickel sulphide deposit
in Quebec.
With 6.
61 million tonnes of nickel, Dumont is expected to be one of the world's largest nickel miners once operational, with an average annual nickel production of 39,000 tonnes
over 30 years.

#5 Turnagain

Development Status: Pre-feasibility Geology: Magmatic Sulphide

Other commodities: Cobalt

The Turnagain project, operated by Giga Metals in British Columbia, Canada, ranked fifth, with 4.
84 million tonnes
of nickel.
Giga Metals aims to develop Turnagin into the world's first carbon-neutral mine
.

#6 Twin Metals

Development Status: Pre-feasibility Geology: Magmatic Sulphide

Other commodities: cobalt, copper, gold, palladium, platinum, silver

The Antofagasta Twin Metals project at the Duluth Complex in Minnesota, USA, contains 4.
24 million tons
of nickel.
The proposed mine has been closely watched
for years due to potential environmental risks.
Last year, the U.
S.
Bureau of Land Management agreed to reconsider its decision
to renew 13 prospecting licenses in Minnesota.

#7 Jacare

Development Status: Pre-feasibility Geology: Nickel-cobalt laterite

Other commodities: Cobalt

Anglo American's Jacare project in Brazil ranked seventh, with a nickel content of 3.
92 million tonnes
.
Jacare is about 90 miles
from Vale's Onça Puma nickel mine.

#8 Mesaba

Development Status: Preliminary Economic Assessment Geology: Magmatic Sulphides

Other products: N/A

In eighth place is FPX Nickel's discovery in Decar's greenfield, containing 3.
11 million tons
of nickel.
The project is named after the Central Region of British Columbia, which hosts the Arawite mineralized zone and is expected to produce 37,369 tonnes of concentrate
per year over a 24-year mine life.

#9 Mesaba

Development Status: Advanced Exploration Geology: Magmatic Sulphides

Other commodities: cobalt, copper, gold, palladium, platinum

Tektronix Resources' Mesaba nickel project in the United States ranked ninth, containing 2.
92 million tons
of nickel.
Mesaba is the largest sulphide deposit
in the Duluth complex in Minnesota.

#10 Crawford

Development Status: Preliminary Economic Assessment Geology: Magmatic Sulphides

Other commodities: cobalt, palladium, platinum

Canadian Nickel's Crawford project in Ontario ranked tenth with 2.
87 million tonnes of nickel
.
The project will produce 2.
05 tonnes of CO2 per tonne of nickel equivalent produced over the 25-year mine lifetime, 93%
below the industry average of 29 tonnes of CO2.