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 mostly gain on near-term positivity, ponder PMIs by MHayes - 23-04-2014
London 23/04/2014 - Base metals mostly advanced during Wednesday LME premarket trading, extending th...
METALS MORNING VIEW - Base metals ignore China's weak PMI data by WAdams - 23-04-2014
London 23/04/2014 - The base metals were generally strong yesterday with average gains of 1.1 percen...
LME MORNING - Metals mixed after Easter closure, nickel hits fresh 14-mth highs by MHayes - 22-04-2014
London 22/04/2014 - Base metals jostled for position during Tuesday LME premarket trading, awaiting ...
FOCUS - Nickel to reach $25,000/t in next year - BoA ML by LynetteTan - 22-04-2014
Singapore 22/04/2014 - The strong rally in nickel has definitely caught the eye of everyone in the b...
METALS MORNING VIEW - Metals open on mixed footing ahead of tomorrow's PMI data by WAdams - 22-04-2014
London 22/04/2014 - The metals have opened on a mixed footing today with average gains of 0.2 percen...
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