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 decline in quiet conditions, spread action eyed by KRetourne - 06-03-2014
London 06/03/2014 - Base metals were mostly lower in Thursday's premarket, drifting into consolidati...
METALS MORNING VIEW - Metals consolidate in early trade as rallies fade by WAdams - 06-03-2014
London 06/03/2014 Yesterday recap The base metals started Wednesday seeing some follow through buy...
LME MORNING - Base metals supported by improved global mood, euro strength by KRetourne - 05-03-2014
London 05/03/2014 - Base metals held onto Tuesday's gains in Wednesday's premarket on the return of ...
METALS MORNING VIEW - Industrial metals looking stronger, while bullion pauses by WAdams - 05-03-2014
London 05/03/2014 - After Monday’s Ukraine-based weakness, the base metals put in a strong reb...
NEWS - Nickel miner Vale Indonesia suffer losses due to slumping prices by LynetteTan - 03-03-2014
Singapore 03/03/2014 - Vale Indonesia, which is part of giant Brazilian miner Vale, reported a sha...
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