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by xmcqdpt2
1734 days ago
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FYI nickel is plentiful and unlikely to ever be in shortage. It's just so cheap right now that most nickel deposits are "non-economic", and thus not counted as part of proven reserves. The same thing is true with uranium for example. see here for the difference between resources and reserves, http://minesqc.com/en/informations-sheets/what-are-mineral-r... We are currently extracting 2.5 MT of nickel a year, from reserves of 94 MT. Resources are estimated at 300 MT, which is definitely a lower end, as prospecting tends to concentrate profitable ores. If the price of nickel went up, we'd see more resources becoming reserves and more discovery of new resources. |
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