CORPORATIONS: Competition in Nickel

Ever since nickel became industrially important in the late 19th century, Canada's giant International Nickel Co.

(1956 sales: $445 million) has enjoyed a near monopoly on production. As late as 1951 Inco's mining facilities in Ontario's rocky Sudbury Basin supplied 85% of the free world's nickel and 95% of the nickel used by the U.S. During World War II the scarcity of nickel was so acute that the U.S. began stockpiling—almost entirely from Inco. But the U.S. did not take to dependence on Inco, began to develop other sources. Last week the...