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Abstract
Consistent growth in demand for nickel since 1950 has been more than matched by supply increments. As with several other major metals this has resulted in falling real prices. Recent decisions by new and established producers either to bring new mines on stream, or to expand production, or both, is challenging the long‐term oligopolistic nature of nickel production. Many established mines will close earlier than planned as new low‐cost production comes on stream. This study reviews major developments, reflecting on their implications for regional economic development in major producing countries such as Canada and Australia.