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 under pressure, dollar strengthens after Fed statement by Ewa Manthey - 30-07-2015
Base metals prices fell on Thursday morning on the LME as a stronger dollar weighed on the complex a...
METALS MORNING VIEW - Metals under pressure amid hawkish Fed stance by BorisMikanikrezai - 30-07-2015
Base metals edged down yesterday after pushing noticeably higher on Tuesday, reflecting a stronger U...
LME MORNING - Base metals pause, look to FOMC for further direction by KRetourne - 29-07-2015
Base metals came off their highs during Wednesday’s pre-LME sessions as the short-covering ral...
METALS MORNING VIEW - Base metals rebound on short-covering, precious metals await FOMC statement by BorisMikanikrezai - 29-07-2015
Base metals rebounded quite sharply on Tuesday, partly triggered by some profit taking after specula...
LME MORNING - Base metals recover but sentiment nervous, focus on FOMC by Ewa Manthey - 28-07-2015
Base metals slightly recovered in Tuesday's morning trading on the LME, but Chinese concerns persist...
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