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 mostly higher on solid Chinese, EU data by Ewa Manthey - 01-04-2015
Base metals other than tin were in positive territory in Wednesday morning LME trading, lifted by be...
Metal prices higher on better Chinese PMI data and a slightly weaker dollar - METALS MORNING VIEW by WAdams - 01-04-2015
Key note - Chinese manufacturing PMI better than expected Recap of yesterday The base metals...
LME MORNING - Base metals prices fall, stronger dollar weighs by KRetourne - 31-03-2015
Base metals were tracking currency movements in Tuesday's LME premarket, with the dollar gaining mor...
LME MORNING - Base metals settle back, copper rally dissipates by Ewa Manthey - 27-03-2015
Base metals were mostly lower in Friday's LME premarket and look set to trade sideways after a volat...
Rallies run into profit-taking and firmer dollar - METALS MORNING VIEW by WAdams - 27-03-2015
Recap of yesterday The base metals pushed higher to start with yesterday, at the day's highs they...
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