Nickel Availability -- Domestic. A Minerals Availabilty Program Appraisal.
Buckingham-DA; Lemons-JF Jr.
Denver, CO: U.S. Department of the Interior, Bureau of Mines, IC 8988, 1984 Jan; :1-27
The Bureau of Mines evaluated potential availability of domestic nickel from 23 deposits. Evaluations included an estimation of in situ and recoverable resources, applicable mining and processing technologies, and capital and operating costs. Discounted cash flow analysis with a 15-pct rate of return was used to determine the average total cost of production of each operation. Identified in situ resources contain 9.0 million metric tons (t) of nickel; 5.5 million t is recoverable as nickel metal or ferronickel. Demonstrated in situ resources contain 8.2 million t of nickel; 4.8 million t is recoverable as nickel metal or ferronickel. No nickel is available at a total cost of production equal to the January 1983 market price of $3.24 per pound. Analyses indicate that potential annual production can only meet current consumption levels at a total cost of production of $7.60 per pound of nickel. Nickel's availability is contingent on (1) successful adaptability of nickel processing methods to domestic resources, (2) location of a smelting facility, and (3) marketability of byproducts and coproducts. Analyses were performed on the effects of byproduct and coproduct revenues, energy, labor, and transportation costs, and metallurgical recoveries on nickel's availability.
Nickel; Mineral-economics; Availability; Resources; Economic-analysis; Extractive-metallurgy
IH; Information Circular
NTIS Accession No.
Denver, CO: U.S. Department of the Interior, Bureau of Mines, IC 8988