The Past and the Future of Nickel Laterites

Production of nickel from laterite ores has occurred for over 100 years beginning with processing of garnieritic ores from New Caledonia. However, until now the world nickel supply has been predominantly from sulfide sources. Going forward, the authors project that the production of nickel from sulfide ores will remain more or less constant. Most of the expansion in nickel production capacity over the next ten years will come from processing of laterite ores. Thus the capital and operating costs of new laterite projects will have significant impact on the nickel supply and therefore price. The authors have reviewed the history and capital and operating costs of various recent laterite projects and of those “on the drawing board”. The authors have also evaluated the risk associated with such projects. The paper will discuss the impacts of this and the recent history on the future development of laterite nickel projects