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 drift, spreads provide interest by KRetourne - 01-05-2015
Base metals drifted lower in quiet Friday morning LME trading, reflecting the absence of China and p...
Base metals hold on to gains, gold price and dollar weaker by WAdams - 01-05-2015
The base metals put in a strong performance yesterday with average gains of 2.1 percent led by a 3.5...
LME MORNING - Base metals pick up fresh head of steam, all at multi-mth highs by KRetourne - 30-04-2015
Base metals were back in positive territory on the LME on Thursday morning, with all at fresh multi-...
METALS MORNING VIEW - Base metals latch on to dollar weakness, bullion not doing so yet by WAdams - 30-04-2015
Base metals tried lower on Wednesday but the sell-off did not gather momentum and for the most part ...
ASIA METALS - Base metals trade mixed on weaker dollar, poorer US economic outlook by LynetteTan - 30-04-2015
Base metals were trading mixed on Thursday during Asian trade, as a weaker US dollar and poor US dat...
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