Warning
p. 24 · Read in the full issue
Nickel Man Sounds Warning
PRESENT boom in the New Caledonian nickel industry may not last more than another couple of years, according to Mr.
Henry Dewey, of the Nickel Company who was visiting Noumea in December.
He said that the present world shortage of nickel allowed New Caledonia to export at a price formerly undreamed-of. He believed that in the next two years increased production in Canada, USA. Cuba and New Caledonia will result in world demand being s^tislicd It will not then be possible to produce New Caledonian nickel profitably under existing processes and hence the accent must be on the construction of the £10,000,000 Yate dam project.