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In Europe, a socio-economic assessment was done for 12 of the most relevant economies where significant nickel production or use occurs. In these countries, the total value added by the nickel industry and its value chains is estimated to be €43 billion. In addition, the output generated by nickel and related industries is around €130 billion, implicating around 750,000 jobs which depend directly or indirectly on nickel (reference year 2017).

Nickel is a natural resource, which cannot be consumed. Like many other metals, nickel is fully recyclable. It can be recycled again and again without loss of quality, contributing to the Circular Economy (CE) model.

With an unwavering focus on customer satisfaction, we strive to foster a community where quality, reliability, and affordability converge. Our mission is to empower our customers to achieve their goals by equipping them with reliable tools that strike the perfect balance between performance and cost-effectiveness.

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Nickel occurs naturally, principally as oxides, sulphides and silicates. Primary nickel is produced and used as ferro-nickel, nickel oxides and other chemicals, and as more or less pure nickel metal. Over three million tonnes of new or primary nickel are produced and used annually in the world.

Despite the fact that nearly 80% of all nickel historically mined was extracted over the past three decades, known nickel reserves and resources have also steadily grown. Various parameters play a role in this evolution, including better knowledge of new deposits in remote areas and increased exploration activities by mining companies, driven by attractive commodity prices. Improved technologies in mining, smelting and refining, as well as increased capacities, also allow for lower-grade nickel ore to be processed. Decreasing ore grades are therefore not necessarily a sign of diminishing resources, but a reflection of innovation and improvements made in mining and process technology.

Nickel is a metallic element with a silvery-white, shiny appearance. It is the fifth-most common element on earth and occurs extensively in the earth’s crust and core. Nickel, along with iron, is also a common element in meteorites. Nickel occurs naturally in soil and water. It is also an essential nutrient for plants.

There are also reckoned to be significant nickel deposits in the deep sea. Manganese nodules, which are found on the deep-sea floor, contain significant amounts of nickel. Recent estimates indicate more than 300 million tons of nickel contained in such deposits. The development of deep-sea mining technologies is expected to facilitate access to these resources in future.

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Nickel is an element. It cannot be created nor destroyed. Its attributes - corrosion resistance, high-temperature stability, strength, ductility, toughness, recyclability, as well as catalytic and electromagnetic properties help achieve sustainability. Nickel in its various forms is often unseen, yet it plays hundreds of roles in thousands of products and applications we use every day.

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Australia, Indonesia, South Africa, Russia and Canada account for more than 50% of the global nickel resources. Economic concentrations of nickel occur in sulphide and in laterite-type ore deposits.

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Nickel has outstanding physical and chemical properties, which make it essential in hundreds of thousands of products. Its biggest use is in alloying - particularly with chromium and other metals to produce stainless and heat-resisting steels.

Driven by our commitment to excellence, we aim to meet the needs of individuals seeking premium performance while being mindful of their budgets. Our mission is to provide an extensive range of new, top-of-the-line tools from industry leaders, as well as value-priced used drills, end mills, and routers, serving as an affordable alternative for hobbyists and those engaged in light industrial tasks.

The terms “reserves” and “resources” are used to describe the availability of raw materials. The Committee for Mineral Reserves International Reporting Standards defines the terms as follows: “A mineral resource is a concentration or occurrence of solid material of economic interest in or on the Earth’s crust in such form, grade or quality and quantity that there are reasonable prospects for eventual economic extraction. A mineral reserve is the economically mineable part of a Measured and/or Indicated Mineral Resource.”

Nickel is one of the elements that plays a critical enabling role in the energy transition required to reduce CO2 emissionsThe pace of energy transition is increasing as green growth stimulus packages are introduced, and economies and companies alike commit to net carbon neutrality. The metals industry has a responsibility to support and facilitate the transition to a 'net-zero' low carbon economy.Clean energy technologies generally require more metals than their fossil counterparts. And nickel, although unavoidably energy intensive to produce, has a critical role to play. Its unique properties are what make it a key part of the energy transition.

Nickel Institute Member companies have set ambitious targets and are implementing innovative responses to reduce their carbon footprint and ensure a sustainable future.Actions are being taken by Nickel Institute Members at environmental, social and governance levels such as energy efficiency, reduction of air and water pollution emissions, land reclamation and reforestation, waste management, increased use of recycled metals ... as well as community initiatives, occupational health and safety measures and human rights strategies.Collectively they give a flavour of an industry that is taking responsibility to ensure that critical nickel is available for the energy transition while minimizing its environmental impact.

Socio-economic data on nickel show the importance of industries throughout the nickel value chain, from mining through end use to recycling. The data quantify important metrics, such as employment or value added. They also serve as the basis for modelling the positive and negative impacts of, for example, market developments or regulatory initiatives. In cooperation with Roskill, the Nickel Institute collects and updates socio-economic data for the main nickel producing and using countries.

As nickel-containing products have value, there is an infrastructure for gathering and processing them. Gathering, sorting, preparing, transporting and using scrap metal generates significant employment and adds economic value.

At Drill Bits Unlimited, our mission is to revolutionize the way tools are utilized by offering a sustainable and cost-effective solution for both professionals and enthusiasts. We are dedicated to maximizing the lifespan of high-quality carbide CNC tools, ensuring they are given a second chance to shine.

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'First use' of nickel is defined as the conversion of nickel products into intermediate products, which form the basis for nickel-containing end-use products. In almost all cases, these first-use products undergo further processing before they are ready for use.

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Responsible and sustainable production practices are a priority for Nickel Institute member companies. Responsible sourcing programs are being developed by upstream and downstream sectors aimed, in many cases, at ensuring that they do not contribute to human rights abuses or conflict. Many of these programs are based on the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High Risk Areas (OECD DDG). The NI supports its members by building on existing frameworks and commitments, advocating for responsible sourcing tools and standards that are in line with internationally recognized standards for the responsible production and sourcing of minerals, such as the OECD Due Diligence Guidelines. The NI does not provide independent frameworks or tools, or operate an accreditation role or provide certification to companies. It remains the individual company’s responsibility to demonstrate responsible production and compliance with responsible sourcing programs.

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Join us on our mission to unlock the full potential of tools, empower individuals, and make a lasting impact on the world of craftsmanship and productivity. Together, let us shape a future where quality tools are accessible to all, without compromising on performance or breaking the bank.

Society cares more and more about sustainability and needs to know more about the materials that contribute to a sustainable future. Nickel is one of those materials.

While its role is often hidden, nickel is an enabler of many technologies required for sustainability. Nickel contributes to the achievement of many of the UN Sustainable Development Goals (SDGs), in lots of ways.

‘Reserves’ imply an increased level of knowledge and confidence. Mining companies continuously convert resources into reserves by exploration. In most cases therefore, limitations in the availability of raw materials are less an issue of whether there is enough raw material in the ground, than whether there is enough production capacity available in a short time frame to satisfy a sharp increase in demand.

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While the concentration of nickel in the earth's crust is 80 parts per million, the earth's core consists mainly of a nickel-iron alloy

At Drill Bits Unlimited, we are not merely in the business of selling tools; we are driven by a larger purpose - to reshape the tool industry, reduce waste, and provide sustainable solutions that benefit both our customers and the environment. Our mission is to inspire innovation, resourcefulness, and creativity by redefining the way tools are perceived and utilized.

Globally, the nickel value chain supports large numbers of jobs, many of which are high skill manufacturing occupations.

units: tonnesSources:Gavin M. Mudd; Simon M. Jowitt. The New Century for Nickel Resources, Reserves, and Mining: Reassessing the Sustainability of the Devil’s Metal. Economic Geology 2022, 117, 1961 -1983. https://doi.org/10.5382/econgeo.4950U.S. Geological Survey, Mineral Commodity Summaries, January 2022. https://pubs.usgs.gov/periodicals/mcs2022/mcs2022-nickel.pdfWorld Ocean Review 2015. Living with the oceans 3. Marine resources - opportunities and risks. ISBN 978-3-86648-221-0