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| TABLE 1 | ||||||||||||||||||
| SALIENT NICKEL STATISTICS1 | ||||||||||||||||||
| (Metric tons of contained nickel unless otherwise specified) | ||||||||||||||||||
| 2002 | 2003 | 2004 | 2005 | 2006 | ||||||||||||||
| United States: | ||||||||||||||||||
| Mine production | -- | -- | -- | -- | -- | |||||||||||||
| Plant production | -- | -- | -- | -- | -- | |||||||||||||
| Secondary recovery from purchased scrap: | ||||||||||||||||||
| From ferrous scrap | 90,200 | r | 91,400 | r | 93,400 | r | 92,700 | r | 98,800 | |||||||||
| From nonferrous scrap | 9,050 | r | 9,500 | r | 9,810 | r | 8,820 | r | 9,410 | |||||||||
| Shipments of purchased scrap2 | 130,000 | r | 137,000 | r | 133,000 | r | 141,000 | r | 147,000 | |||||||||
| Exports: | ||||||||||||||||||
| Primary | 6,520 | 6,330 | 8,000 | 7,630 | 8,050 | |||||||||||||
| Secondary� | 39,400 | 47,300 | 48,300 | 55,600 | 59,300 | |||||||||||||
| Imports for consumption: | ||||||||||||||||||
| Primary | 121,000 | 125,000 | 136,000 | 143,000 | 153,000 | |||||||||||||
| Secondary� | 9,110 | 11,500 | 18,800 | 15,500 | 20,300 | |||||||||||||
| Consumption: | ||||||||||||||||||
| Reported: | ||||||||||||||||||
| Primary | 91,300 | 90,400 | r | 102,000 | r | 100,000 | r | 124,000 | ||||||||||
| Secondary, purchased scrap3 | 99,300 | r | 101,000 | r | 103,000 | r | 101,000 | r | 108,000 | |||||||||
| Total | 191,000 | r | 191,000 | r | 205,000 | r | 202,000 | r | 233,000 | |||||||||
| Apparent: | ||||||||||||||||||
| Primary | 121,000 | r | 117,000 | 128,000 | 135,000 | r | 144,000 | |||||||||||
| Secondary, purchased scrap4 | 69,100 | r | 65,200 | r | 74,500 | r | 60,500 | r | 69,000 | |||||||||
| Total | 190,000 | r | 182,000 | r | 203,000 | r | 196,000 | r | 213,000 | |||||||||
| Apparent primary plus reported secondary | 220,000 | r | 218,000 | r | 232,000 | r | 236,000 | r | 252,000 | |||||||||
| Stocks, yearend: | ||||||||||||||||||
| Producers and traders | 6,150 | 8,040 | 6,580 | 5,940 | r | 6,450 | ||||||||||||
| Consumer, primary | 4,540 | r | 4,830 | r | 5,770 | r | 6,670 | 7,160 | ||||||||||
| Consumer, secondary | 7,000 | r | 6,850 | r | 6,110 | r | 6,800 | r | 6,910 | |||||||||
| Total | 17,700 | r | 19,700 | r | 18,500 | r | 19,400 | r | 20,500 | |||||||||
| Price, cash, London Metal Exchange: | ||||||||||||||||||
| � Average annual | dollars per metric ton | 6,772 | 9,629 | 13,823 | 14,738 | 24,244 | ||||||||||||
| � Average annual | dollars per pound | 3.072 | 4.368 | 6.270 | 6.685 | 10.997 | ||||||||||||
| Price, 18/8 stainless steel scrap, gross weight:5 | ||||||||||||||||||
| A | dollars per metric ton | 692 | 927 | 1,450 | 1,445 | 2,057 | ||||||||||||
| Average annual | dollars per long ton | 703 | 942 | 1,473 | 1,468 | 2,090 | ||||||||||||
| World, mine production | 1,350,000 | 1,370,000 | 1,420,000 | r | 1,500,000 | r | 1,580,000 | e | ||||||||||
| eEstimated. rRevised. -- Zero. | ||||||||||||||||||
| 1Data are rounded to no more than three significant digits, except prices; may not add to totals shown. | ||||||||||||||||||
| 2Defined as scrap receipts less shipments by consumers plus exports minus imports plus adjustments for consumer stock changes. | ||||||||||||||||||
| 3More clearly delineates the amount consumed than does apparent consumption. | ||||||||||||||||||
| 4Internal evaluation indicates that apparent secondary consumption is considerably understated. | ||||||||||||||||||
| 5Derived from the average of the Friday consumer buying price range for 18% chromium�8% nickel scrap in bundles, solids, and | ||||||||||||||||||
| clips, Pittsburgh, PA, in American Metal Market. | ||||||||||||||||||
Source: United States Geological Survey Mineral Resources Program