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 ProfessionalCopper touches one-week highs, metals upbeat ahead of US monetary policy news by MHayes - 22-05-2013
Base metals pushed higher during Wednesday LME premarket trading, with signs of upside momentum emer...
BASE AND PRECIOUS METALS MORNING VIEW - Metals consolidate ahead of key data by WAdams - 22-05-2013
The metals put in a choppy and nervous day of trading yesterday, having started on a high note follo...
Base metals mixed in sideways trade, await mid-week news/data by MHayes - 21-05-2013
Base metals settled close to overnight closing levels during low-key Tuesday LME premarket trading, ...
BASE AND PRECIOUS METALS - European Morning View - Yesterday's show of strength suggests bases are in place by WAdams - 21-05-2013
London 21/05/2013 - The metals got off to a weak start in Asia on Monday, but recovered as the...
Base metals lower in quiet trading, await mid-week economic news by Eddie vanderWalt - 20-05-2013
London 20/05/2013 - Base metals were holding lower in their respective ranges during Monday's LME pr...
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