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 ProfessionalSHFE CLOSE - Base metal prices up on central bank easing, zinc stocks continue decline by LynetteTan - 24-11-2014
Base metals on the Shanghai Futures Exchange ended the day higher, with prices getting a boost from ...
Base metal prices mull recent developments - METALS MORNING VIEW by WAdams - 24-11-2014
The base metals rallied strongly aided by dovish-ECB talk and China's interest rate cut. At the da...
ASIA METALS - Metals pull back after initial rally on easing news, dollar weighs by LynetteTan - 24-11-2014
Base metals prices which ended last week on a high note due to easing news out of China, saw a pul...
LME WEBCAST - Base metals up on Chinese stimulus, copper price above $6,700/t by Ewa Manthey - 21-11-2014
Base metals prices up following unexpected news that China cut its interest rates...
Base looking more upbeat - Zinc price leads the gains by WAdams - 21-11-2014
This morning the base metals are up 0.4 percent on average, zinc leads the gains with a 0.9 percen...
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