What is the Development of Nickel Metal?

In recent years, the production and consumption of nickel in the world has been relatively stable. The supply and demand of nickel in the world has mainly changed with the development of stainless steel industry. With the growth of nickel in the consumption of stainless steel industry, the technology of nickel-iron smelting has made great progress. The production of high-grade nickel-iron has been greatly improved. The major nickel resources resources are Russia, Canada, New Caledonia, Indonesia, Australia and Cuba. The total nickel production and export volume of minerals accounts for about 80% of the world total.

The smelting of nickel is mainly concentrated in Russia, Japan, Canada, Australia, Norway, China, New Caledonia, the United Kingdom, South Africa and Finland.

The main nickel consumer countries are also major producers of stainless steel, including Japan, the United States, Germany, Russia, Italy, France and South Korea. Among the major nickel consumers, only Russia is a nickel resource country, and the rest of the consumer countries have few nickel mines available for mining, mainly relying on imported nickel concentrates and other primary processing nickel products. The continuous consumption of nickel resources and the continuous reduction of resource reserves, the search for and rational exploitation of new nickel mines and the development of nickel resources recycling industry have become an important task in the development of the current nickel industry.

China is currently the world’s largest producer and consumer of ferronickel. With the continuous development of the economy and the steel industry, the demand for nickel resources is increasing, but at the same time, the output of nickel ore is also increasing, gradually resulting in the current global nickel. The city has a severe pattern of oversupply. In domestic stainless steel production, nickel-iron is used as a raw material for production, and its use ratio will increase year by year, and the use of pure nickel is declining. At the same time as the development of China’s nickel industry, problems have also arisen. For example, nickel ore is mostly low-grade, with a small proportion of exposed mining, less recoverable reserves, relatively backward mining and smelting technology, and advanced technology in the world. There is still a big gap, and the cost of mining and smelting remains high. It can be seen that there is still much room for development in China’s nickel industry.

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Shirley N.//SMC Editor

Guest contributors are welcome at the Alloy Wiki.It is a weekly wiki and guide on alloy information and processing technology, while also about the vast array of opportunities that are present in manufacturing. Our team of writers consists of a Machining Material Supplier / Machinist / Tool and Die Maker, a Biomedical Engineer / Product Development Engineer, a Job Development Coordinator / Adjunct Professor, and a President and CEO of a manufacturing facility.