374 MINERALS YEARBOOK
  PRICES AND STOCKS

 The price range of nickel has been very narrow for many years as the control
of price and stocks has been a matter of policy by the leading producers.
Close cooperation among present producers and the lack of deposits not controlled
by them, which promise much prospect of profitable exploitation at current
prices, have made this constant price policy very effective.

Quoted prices ' for nickel at New York, in cents per pound, 19f~3—3f3
.
E~o-
Ingot
Shot
1923—27, average                                         
1928                                                   
1929                                                   
1930                                                   
1931                                                   
1932                                                   
35.6
37.0
35.0
35. 0
35.0
35. 0
31.2
35.0
35.0
35.0
2 36.0
2 36.0
3L 8
36.0
36 0

2 36. 0
2 36. 0
1 Prices quoted by International Nickel Co., Inc., for 2-ton minimum lots.
 2 from remelted electrolytic.


WORLD PRODUCTION AND RESOURCES

 The production of nickel for the world in 1932 is estimated at 22,000 short
tons compared with 39,800 tons in 1931 and 59,800 tons in 1930. Canada continues
to be the outstanding producer, accounting for almost three quarters of the
world output.

World production of nickel ore (content of ore), 19fd3—3fd, by countries,
in short tone,
Country

1928
1929
1930
1931
1932
Australia                               
19
.33.008
12
100
11
2 3,767
36
349
48,377
726
814

4,480
451
522
95
55, 138
284
930

4,816
483
340
132
51,884
 
1,065

5,376
965
308
32,833
715
984

3 4,256
586
373
(1)
15,184
(1)
840

5,000
(1)
195
Canada                                 
Greece                                  
India                                   
Italy                                   
New Caledonia                           
Norway                                 
United States 4                            

Total                              







37,300
55,400
62, 100
59,800
39,800
22,000
1 Information not available.
' Exports.
2 Nickel content of matte and ferronickel obtained at smelters.
4 Nickel obtained from electrolytic refining of domestic and foreign blister
copper.


 C7anada.—Canadian nickel production is localized in the Sudbury mining
district of northern Ontario, where are the mines of the International Nickel
Co. of Canada, Ltd., and of the Falconbridge Nickel Mines, Ltd., 2 of the
3 principal nickel-producing companies of the world (the third being the
Caledonickel Co. of New Caledonia). Both companies smelt all their ore in
Canada. The International Nickel Co. divides the matte produced at its smelters
between its refineries in Canada, Great Britain, and the United States, where
Monel metal is made at the Huntington (W.Va.) plant. The Falconbridge Co.
matte goes to its refinery in Norway. Both companies report enormous or~
reserves; it is estimated that well-authenticated