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 - Metals drift back, LME week ending on low-key note by MHayes - 24-10-2014
Base metals drifted back during Friday LME pre-market trading, with LME Week showing signs of ending...
Base metals prices more upbeat - METALS MORNING REPORT by WAdams - 23-10-2014
The base metals put in a mixed day of trading yesterday with prices closing up an average of 0.2 per...
Base metals prices edge higher, sentiment picks up slightly - LME MORNING by LynetteTan - 22-10-2014
Base metals prices were slightly higher but largely consolidating in LME premarket trading on Wednes...
Industrial metals looking stronger again - aluminium price firmer - MORNING REPORT by WAdams - 22-10-2014
The base metals recovered from a weak start yesterday, fuelled by talk that the European Central Ban...
Metal prices mostly lower, unsettled short-term pattern to continue - LME MORNING by MHayes - 21-10-2014
Base metals largely lost ground during Tuesday LME premarket trading, with negative short-term senti...
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