About Nickel

  • Nickel is one of the oldest known metals, with uses tracing back more than 5,000 years.
  • Nickel is a fundamental metal which is needed for every day applications, particularly in stainless steel. Some common applications include: household appliances, computers, cellular phones, automobiles, medical and heating devices as well as industrial, military, aerospace, marine and architectural applications. The list is almost endless.
  • Nickel is one of the most common elements on earth and typically occurs within the earth’s crust. It is generally believed that major igneous events cause this otherwise inaccessible element to appear close to the earth’s surface.
  • Nickel has corrosion-resistant properties which makes it a critical component in stainless steel as well as various alloys and super alloys.
  • In Canada most of the nickel currently in production comes from the Sudbury Basin of Ontario, Voisey’s Bay in Labrador, Raglan Belt of northern Quebec and the Thompson Nickel Belt in Manitoba.
  • Economic growth is directly correlated with nickel demand. As Nickel is so closely aligned with steel demand, its price fluctuates relative to global manufacturing trends. China’s manufacturing industry strongly weighs on global nickel demand.
  • About 60% of nickel is used in the production of nickel steels, while 14% is used in nickel-copper alloys.
  • Nickel is mined from naturally occurring ore deposits.
  • Unlike some metal commodities, the global supply of nickel is concentrated in a handful of regions of the world.
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