U.K.-based Anglo American is another large mining conglomerate. Some of its operations are best known for platinum production, another industrial metal. Diamonds are also a top source of revenue for the company. But substantial nickel mining and refining operations that serve the global stainless-steel market are among Anglo American’s assets.
Anglo American’s nickel sites are located in Brazil. As base material prices have risen in recent years, the company’s revenue and operating profit margins have sharply increased as well (they exceeded 30% in 2021 and halfway through 2022). As a result, Anglo American has boosted its dividend payout to shareholders and is another top stock for investors seeking exposure to nickel.