Nickel (Ni), a critical base metal, plays a significant role in the global economy due to its widespread applications in various industries such as steel manufacturing, battery production, and electronics. With the increasing demand for stainless steel, electric vehicles (EVs), and renewable energy technologies, the production of nickel continues to grow in importance. This article provides a comprehensive analysis of the cost structure, market trends, production processes, raw material requirements, and economic considerations associated with nickel production.