NICKEL USES AND FACTS
- About 65% of the nickel which is produced is used to manufacture stainless steels.
- Another 20% is used in other steel and non-ferrous alloys - often for highly specialized industrial, aerospace and military applications.
- About 9% is used in plating and 6% in other uses, including coins, electronics, and in batteries for portable equipment and hybrid cars.
- In many of these applications listed above, there are no substitute for nickel without reducing performance or increasing cost.
- The major producers of Nickel are Australia, Russia, Cuba, Canada, Brazil, New Caledonia, South Africa, Indonesia and China.
- The average price of the nickel is US $ 32,000 per metric tones (Ref: www.infomine.com, dated 5th July 2007 to 5th August 2007).
NICKEL OCCURRENCES IN GUYANA
- In Guyana, Nickel occurs primarily in the Kauremembu Blue Mountains, Northwest Mining District.
- A UN assessment of the area in 1960 indicated that an area of nickel laterite was discovered overlying narrow bands of ultramafic rocks.
- The nickel is largely associated with olivine minerals of the serpentinized peridotites in the area.
- Drilling of this area showed conclusively that though Ni grades were high, the area was too small for commercial exploitation.