Nickel is a metal with a bright future as it is the main alloying metal needed to produce certain types of stainless steel. The strength and life span of products built with stainless steel is vastly superior to similar products built with non-stainless steels.
So while products made with stainless steel may be expensive to buy, the after-care and long life-span of those products may mean it is cheaper to use stainless steel than alternative cheaper materials that might need more maintenance or be replaced more regularly.
Stainless steel is used widely in the catering sector, petrochemical industries and household items such as fittings, fixtures appliances and public buildings for items such as roofing, cladding, lifts and escalators.
Since 2006, nickel pig iron (NPI) has become an additional source of nickel, which has changed the dynamics of the market considerably. China has been the main user of NPI.
Sample Nickel News from FastMarkets ProfessionalLME MORNING - Copper skips above $5,200 on covering, hits 3-wk high by MHayes - 03-09-2015
Base metals moved higher during Thursday LME premarket trading while short-covering continued to fea...
METALS MORNING VIEW - Copper prices well placed to lead metals rebound by WAdams - 03-09-2015
The base metals closed up an average of one percent yesterday led by tin and nickel that were up 3.4...
LME MORNING - Metals mixed, mostly mark time as trade flows slow by MHayes - 02-09-2015
Base metals prices seesawed around previous closing levels during the LME premarket on Wednesday, wi...
METALS MORNING VIEW - Base metals still well placed to continue last week's rebounds by WAdams - 02-09-2015
Late data out yesterday saw US vehicle annualised sales of 17.8 million for August; expectations w...
LME MORNING - Metals mostly lower on soft China manufacturing; trade subdued by MHayes - 01-09-2015
Base metals predominantly backtracked during Tuesday LME premarket trading, pressured by soft Chines...
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