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 lower, ali hits weakest since March 2014 by Ewa Manthey - 27-05-2015
Copper edged higher in Wednesday's LME premarket but the rest of the complex buckled under pressure ...
METALS MORNING VIEW - Metals prices under pressure as dollar strengthens by WAdams - 27-05-2015
This morning the base metals are consolidating yesterday's losses that were brought about by the str...
LME MORNING - Base metals consolidate, Greek debt concerns flare up by KRetourne - 26-05-2015
Base metals were in consolidation mode on Tuesday morning, monitoring a stronger dollar on concerns ...
METALS MORNING VIEW - Firmer base metals on China’s investment plan, weaker bullion amid a hawkish Fed by BorisMikanikrezai - 26-05-2015
Base metals edged lower on Friday, posting an average loss of 1.1 percent, in part reflecting a rene...
LME MORNING - Base metals in consolidation mode ahead of long weekend by Ewa Manthey - 22-05-2015
Base metals were in consolidation mode in Friday's LME premarket ahead of a long weekend in Europe a...
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