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 ProfessionalBase metals prices tick up, ali and zinc cancellations soar - LME MORNING by KRetourne - 19-12-2014
Base metals prices all inched higher during Friday morning sessions, with aluminium and zinc finding...
Metal prices tread water, look relatively oversold - METALS MORNING VIEW by WAdams - 19-12-2014
The base metals dropped an average of 1.1 percent yesterday as bearish sentiment weighed on the ma...
Base metals prices weak, risk-off mode hits sentiment - LME MORNING by KRetourne - 18-12-2014
Base metals remained weak in Thursday morning LME trading on weak end-of-year sentiment triggered ...
Base metals prices weak, but looking oversold - METALS MORNING VIEW by WAdams - 18-12-2014
The base metals remained under pressure yesterday, but it was nickel and tin that suffered the mos...
Base metal prices hit fresh downswing lows, FOMC outcome awaited - LME MORNING by Ewa Manthey - 17-12-2014
Base metals prices all fell to fresh downswing lows in Wednesday morning LME trading while bearish...
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