Political and commercial geology and the world's mineral resources
Science
Political and commercial geology and the world's mineral resources
Geology, Economic; Mines and mineral resources
=United States.=--Though the United States has insignificant deposits
of nickel ore and therefore exerts little or no political control over
nickel mining, American capital plays an important if not the leading
rôle in the industry. Of the four companies holding the deposits of
the Sudbury district two are American, and these two possess what are
doubtless the largest reserves there. One of these, the International
Nickel Co., has the next to the largest holdings in New Caledonia.
=Great Britain.=--Of all nations Great Britain is in the strongest
position politically with respect to the nickel industry, because of
the Sudbury district being in Canada. It has used this control in an
endeavor to localize the business of refining Ontario nickel ores
in Canada, with the result that the International Nickel Co. is to
transfer its refining operations from New Jersey to its new refinery in
Ontario.
Commercially, British capital controls the two other companies having
holdings at Sudbury. In one of these,--the British-America Nickel
Corporation,--the government itself has a controlling interest.
The policy of the British government with relation to the Sudbury
nickel ores, which give the British an overwhelmingly dominant
political control over the world’s nickel, is highly significant as
showing that the government is aware of the necessity for commercial
as well as political control, in order to reap all the commercial and
strategic advantages of its good fortune. During the war, and before
the United States entered, great feeling was roused in Canada and
England by the German submarine, _Deutschland_, loading at New York a
cargo that consisted partly of metallic nickel, it being assumed that
this was originally Canadian nickel. The direct participation of the
British government in the Sudbury industry in such a way as to make the
government practically the dominant factor, and the transfer of the
refinery operations of the American-owned International Nickel Co. from
New Jersey to Ontario, mark a vigorous and aggressive nationalistic
policy which has attained its object without much delay.
=France.=--France owns the island of New Caledonia and has political
control of the nickel deposits there. Two of the three principal
companies holding New Caledonian ore deposits are presumably held by
French interests. The larger one, La Société le Nickel, was for a long
time controlled by the Rothschilds of France. It was reported later to
have gotten into German hands.
=Germany.=--Germany exercises political control over no important
nickel deposits. Before the war the German firm of Krupp had
obtained some New Caledonian nickel properties. A German group, the
Metallgesellschaft, is reported to have had control of La Société le
Nickel at the outbreak of the war, and also the mines and smelters of
Norway.
CHAPTER VII
TUNGSTEN
BY FRANK L. HESS
USES OF TUNGSTEN[74]
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