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 - Base metals continue to climb, Chinese intervention talk supports by Ewa Manthey - 26-11-2015
Base metals continued to climb on the LME on Thursday morning in London, taking support from various...
METALS MORNING VIEW - Looking brighter, focus on Chinese support by WAdams - 26-11-2015
The base metals consolidated yesterday after Tuesday's rebound, with copper and zinc retreating, whi...
LME MORNING - Base metals mixed ahead of US holiday, copper tracks lower by KRetourne - 25-11-2015
Base metals were mixed in LME premarket trading on Wednesday, with copper sliding into negative terr...
METALS MORNING VIEW - Metals consolidate after yesterday's strong moves, watch oil by WAdams - 25-11-2015
The base metals staged a strong recovery yesterday with prices closing up an average of 2.9 percent ...
LME MORNING - Base metals higher but gains remain limited by Ewa Manthey - 24-11-2015
Base metals rebounded slightly on the LME on Tuesday morning but gains remain limited, market partic...
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