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 tread water ahead of Greek vote by KRetourne - 03-07-2015
Base metals were quiet in Friday morning LME trading, with thin conditions expected throughout the d...
METALS MORNING VIEW - Metals on sidelines waiting for fog to clear from Greece and Chinese stocks by WAdams - 03-07-2015
The metals closed mixed yesterday although more metals closed negatively than positively. Zinc, tin ...
LME MORNING - Base metals mixed, mark time ahead of US jobs report by KRetourne - 02-07-2015
Base metals were mixed in Thursday's LME premarket - most managed to hold onto Wednesday's gains des...
METALS MORNING VIEW - Base metals consolidate, but dollar strength a headwind, gold price falls by WAdams - 02-07-2015
The metals continued to get some lift yesterday having recently tested lower to varying degrees, but...
LME MORNING - Base metals mixed, pockets of tightness emerge by KRetourne - 01-07-2015
Base metals started the second half of the year mixed after Greece missed the deadline for its 1.6-b...
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