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 prices consolidate further after disappointing Japanese data by IWalker - 29-07-2014
The base metal complex dropped off in Tuesday LME pre-market trading, with Japanese economic data ...
METALS MORNING VIEW - Path of least resistance for the base metals remains to the upside, but... by WAdams - 29-07-2014
The base metals closed on a mixed basis yesterday with gains of around one percent in lead, zinc a...
ASIA METALS - Base metals range-trade, await key data later in the week by LynetteTan - 29-07-2014
Base metals prices traded mostly in sideways following Monday’s pattern as the market awaits fre...
LME MORNING - Base metals prices steady, aluminium stocks up 1.3 pct by KRetourne - 28-07-2014
Base metals prices were mixed during Monday LME pre-market sessions, as the complex digested recen...
LME OPEN - Base metals prices hold firmer ground in premarket, data light session by Eddie vanderWalt - 28-07-2014
The base metals prices are mostly holding near recent highs in the Monday LME premarket, with some...
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