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 ProfessionalBase metals prices spurt higher on rumour of Chinese rate cut - LME MORNING by KRetourne - 30-01-2015
Base metal prices came off session lows in Friday's LME premarket amid talk of a Chinese rate cut, t...
Base metals on back foot, copper price falls - METALS MORNING VIEW by WAdams - 30-01-2015
Base metals were also under pressure yesterday with copper and lead leading the downside they were d...
Metal prices lacking direction, copper negotiates recent multi-year low - ASIA METALS by LynetteTan - 30-01-2015
Base metals traded mixed on Friday during Asian hours, with the copper price hovering near the $5,35...
Base metals softer as euro wobbles, copper price flops around $5,400/t - LME MORNING by KRetourne - 29-01-2015
Base metals prices struggled with souring sentiment and a weakening dollar in Thursday's LME premark...
Copper acting as a drag on the other base metals prices - METALS MORNING VIEW by WAdams - 29-01-2015
Metals started on a quiet note yesterday, then changed up a gear to set average gains at the day's h...
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