Mineral resource of the month: nickel

Together with chromium, nickel makes steel more resistant to corrosion. Stainless steel thus accounts for more than 65 percent of primary nickel consumption in the world. One of the more common grades of stainless steel is Type 304, which contains 18 to 20 percent chromium and 10.5 to 12 percent nickel. Owing to their high corrosion resistance, nickel-bearing stainless steels are widely used in the transportation sector, the energy sector, the food preparation and processing industry, the beverage industry, the pharmaceutical industry and the medical community.