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 price slumps to 8-mth low, drags down other base metals - LME MORNING by KRetourne - 28-11-2014
Base metals prices all moved lower in Friday's LME morning session, with copper's fall to an eight...
Copper price breaks lower, weaker oil weighing on sentiment - METALS MORNING VIEW by WAdams - 28-11-2014
Base metals fell across the board yesterday in quiet trading, with average losses of 0.5 percent. ...
Copper falls to 8-mth low, slump in oil prices drags commodities - ASIA METALS by LynetteTan - 28-11-2014
Base metals were mostly lower during Friday’s Asian trade, with the copper price falling below $...
Copper rebounds after Wednesday's sell-off, fundamentals support - SHFE CLOSE by LynetteTan - 27-11-2014
Base metals prices on the Shanghai Futures Exchange ended the day higher after Wednesday’s sell of...
Thanksgiving holiday sees light volumes, copper spreads remain tight - ASIA METALS by LynetteTan - 27-11-2014
Copper price trimmed some losses overnight, helped by softening dollar due to disappointing US dat...
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