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 mostly edge higher, zinc cancellations jump - LME MORNING by KRetourne - 23-09-2014
Base metals were marginally higher in Tuesday's LME premarket, consolidating at technical support ...
Better Chinese PMI manufacturing data gives metal prices a lift - METALS MORNING VIEW by WAdams - 23-09-2014
The base metals suffered on Monday with prices dropping an average of 1.5 percent, with nickel dro...
Copper price higher but positive HSBC PMI failed to halt metal slide - ASIA METALS by LynetteTan - 23-09-2014
Base metals business was mixed this Tuesday during Asian trade, despite the just released HSBC fla...
Concerns over slower growth in China pull metal prices lower - METALS MORNING VIEW by WAdams - 22-09-2014
Concerns China might accept slower growth has rattled the markets The base metals generally ...
LME MORNING - Base metals drift ahead of LME Clear launch by IWalker - 19-09-2014
Base metals faded again in Friday morning trading on the LME following Chinese stimulus measures ear...
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