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 ProfessionalMetal prices mixed, sentiment cautious ahead of China policy meeting - LME MORNING by Ewa Manthey - 04-03-2015
Base metals prices were mixed in Wednesday morning trading amid cautious sentiment ahead of China's ...
Metal prices struggle, strong dollar not helping - METALS MORNING VIEW by TMoore - 04-03-2015
Base metals prices other than tin closed lower on Monday, with copper and aluminium falling 0.6 perc...
Base metals prices rise on supportive Services PMI data but sentiments still cautious - ASIA METALS by LynetteTan - 04-03-2015
Base metals prices were slightly higher on Wednesday during the Asian trade, following supportive HS...
Base metals prices lose shine, rally falters on dollar strength - LME MORNING by KRetourne - 03-03-2015
Base metals prices were all in negative territory in LME trading on Tuesday morning when doubts abou...
Metal prices struggle, strong dollar not helping - METALS MORNING VIEW by WAdams - 03-03-2015
The base metals closed mixed yesterday with copper and lead higher by 0.4 and 0.9 percent with the c...
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