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 ProfessionalMORNING REPORT - Base metals looking vulnerable, while precious look steady by WAdams - 21-10-2014
China GDP 7.3 percent, expected 7.2 percent, after 7.5 percent. China Industrial Production 8 per...
Aluminium price firmer, rest of base metals consolidate - MORNING REPORT by WAdams - 20-10-2014
The base metals recovered on Friday in line with a broad-based recovery in equities but there was pr...
Metal prices mixed, investors cautious despite rally in Asian stocks - LME MORNING by LynetteTan - 20-10-2014
Base metals prices were mixed but little changed during early London trading on Monday, even as glob...
Base metal prices lower, volumes low as LME Week kicks in - LME OPEN by LynetteTan - 20-10-2014
Base metals prices were mostly lower before the London open, with volumes lower than usual as the an...
Base metals mixed, copper price stuck at 6-mth lows as sell-off pauses - LME MORNING by KRetourne - 17-10-2014
Base metals prices were mixed but steady in Friday’s LME premarket, taking a breather after Thur...
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