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 ProfessionalPRODUCER NEWS - MMG sells nickel mine to QCG Resources for $40M by LynetteTan - 16-04-2014
Singapore 16/04/2014 - An Australian private company, QCG Resources has agreed to buy the idle Avebu...
Expectations of soft data pressures metals lower; nickel price pullback by LynetteTan - 16-04-2014
Singapore 16/04/2014 - Base metals prices came under pressure on Wednesday Asian trade as market p...
Copper price leads metals lower while nickel eyes $18,000/t by LynetteTan - 15-04-2014
Singapore 15/04/2014 - The nickel price finished an active Monday LME session firm and around a 14...
Nickel price advances to new 14-month highs, rest stable by MHayes - 14-04-2014
Nickel prices stood out from the LME pack during Monday premarket trading, racing to a fresh 14-mo...
NEWSBREAK - LME nickel price jumps to 13-mth high on supply tightness by LynetteTan - 11-04-2014
Singapore 11/04/2014 - Nickel prices surged to a fresh 13-month high on LME trading Friday on cont...
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