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 ProfessionalMETALS MORNING VIEW - Base metals looking upbeat, precious metals less so by WAdams - 02-09-2014
The market was quiet yesterday, especially so with the US closed for Labor Day - at the close the ba...
ASIA METALS - Metals range in lack of directional cues; PMIs set bearish tone by LynetteTan - 02-09-2014
Base metals on Tuesday Asian trade followed the pattern seen in Monday’s London trading - mire...
LME MORNING - Base metals prices little moved, poised for busy week by IWalker - 01-09-2014
Base metals traded sideways in Monday's LME premarket ahead of several major economic announcement...
SHFE CLOSE - Base metals prices mostly lower on disappointing manufacturing data by LynetteTan - 01-09-2014
Base metals on the Shanghai Futures Exchange (SHFE) closed mostly lower on the first trading day of ...
METALS MORNING VIEW - Metal prices consolidate, expect quiet day with US on holiday by WAdams - 01-09-2014
The base metals consolidated on Friday after the general weakness seen in the middle of last week....
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