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 struggle, tightness remains in spreads by KRetourne - 30-10-2014
Base metals were lower in Thursday morning LME trading, reflecting a worsening of sentiment for risk...
Base metals prices steady, spread action eyed - LME MORNING by KRetourne - 29-10-2014
Base metals held onto most of their gains in Wednesday morning LME trading, taking support from a ...
Nickel price leads on the back of short-covering, others may follow - METALS MORNING VIEW by WAdams - 29-10-2014
The base metals put in a stronger day on Tuesday with prices rising an average of 1.7 percent with...
Nickel price rebounds from lows, up on technical strength - ASIA METALS by LynetteTan - 29-10-2014
The base metals complex were mostly lower on Wednesday’s Asian trading, except for nickel which ...
Base metals higher, nickel price off Monday's lows - LME MORNING by Ewa Manthey - 28-10-2014
Base metals prices gained a little ground during Tuesday's LME premarket, with nickel and tin comi...
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