Based on the examination of thirty sets of contiguous matte and slag samples taken from industrial nickel smelters a relationship is predicted between oxidic nickel in slag, oxygen in matte and the Ni/Fe ratio in the matte. Oxidic nickel in the slag increases with an increase in oxygen content of a matte of constant Ni/Fe ratio, and the relationship may be used to predict nickel solubility in slag from a knowledge of matte composition alone.