Good article out of South Africa yesterday about rising price of nickel, and rising demand for chromium. Here's a partial quote:

"The stainless steel industry was trying to cut nickel use in its production process due to the volatility and high price of the metal, a senior industry figure said this week.

"The steel industry has a very clear strategy [of] reducing its dependence on nickel," Ian Christmas, the secretary-general of the International Iron and Steel Institute, told a mining summit in London.

"Stainless steel producers are pushing very hard to replace austenitic steel with ferrotic steel, which has a very small amount of nickel" and was chromium based, he said.

"Nickel accounts for more than 60 percent of the cost of making austenitic steel, also known as 300 series stainless steel, the most widely used high-grade steel."

For full article, click on following link:

http://www.busrep.co.za/index.php?fS...