Canada's International Nickel Co. Ltd., and its subsidiaries own 90% of the world's nickel ore; they supply 90% of U.S. nickel needs. Come good times or bad, the price of nickel, 35¢ a pound, has not changed in 18 years. In the same period even monopolistic Alcoa dropped the price of aluminum from 24¢ to 14¢. Last week the U.S.' Government, despite pressure from the Canadian Government, finally took note of this.
In New York, the Anti-Trust Division of the Department of Justice filed a complaint against Inco, its wholly owned U.S. subsidiary,...
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