Anglo American’s nickel production to remain steady in 2019

Mining giant Anglo American forecasts nickel production to remain steady at between 42-44,000 metric tons next year, rising to around 45,000 ton/year for 2020 and 2021. The company has two ferronickel sites in Brazil, both in the state of Goias at Barro Alto and Codemin.

Supporting Sources:

https://www.spglobal.com/platts/en/market-insights/latest-news/metals/121118-anglo-american-nickel-output-to-remain-stable-in-2019

Anglo American nickel output to remain stable in 2019

London — Anglo American expects to produce 42,000-44,000 mt of nickel next year, in line with forecast production for 2018, the UK-listed mining group said Tuesday.

Anglo produced 44,000 mt of nickel in 2017.
For 2020 and 2021, output is expected to edge up to around 45,000 mt/year, the company said.
Anglo’s nickel unit costs — excluding royalties and depreciation — are seen marginally lower at around $3.60/lb this year, down from $3.65/lb in 2017, and is expected to rise to around $4.00/lb in 2019.
The company’s nickel assets are located in Brazil, with two ferronickel production sites — Barro Alto and Codemin — in the state of Goias.

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