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 stage tentative recovery but sentiment jittery by KRetourne - 12-02-2016
Base metals were tentatively higher on the LME on Friday morning, echoing moves in equity markets. S...
METALS MORNING VIEW - Metals mixed as consolidation sets in, Gold prices still strong by WAdams - 12-02-2016
Gold prices shot higher yesterday to reach a high of $1,263.30, up 6.9 percent from the previous clo...
DAILY ROUND-UP - FastMarkets on Freeport's permit, LME rents and miners' earnings by TJennemann - 12-02-2016
A round-up of FastMarkets' top stories published on February 11. Metro may be the only warehouse op...
LME MORNING - Base metals pause after sell-off, investors remain nervous by KRetourne - 11-02-2016
Base metals were little changed on Thursday morning, inching off lows in subdued LME trading but tra...
METALS MORNING VIEW - Markets continue to be in risk-off mode, weaker dollar helps metals by WAdams - 11-02-2016
Fed Chair Janet Yellen showed the Fed wanted to be hawkish but was prepared to be dovish, which we...
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