Re:GM tells some Bolt owners to park 50 feet away from other...
by xmcqdpt2 on Thursday September 16, 2021 @08:28AM
(#28550848)
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,
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.
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.