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 metal prices rally stalls, await further direction by KRetourne - 23-07-2014
Base metal prices drifted lower during Wednesday’s pre-LME sessions, yet while all were in negat...
METALS MORNING REPORT: Confluence of drivers by JHobbs - 23-07-2014
The base metals prices saw a mixed day’s trading yesterday with some with a more compelling fund...
MINING NEWS - Copper production up a modest 2 pct for 1H 2014 - BHP by LynetteTan - 23-07-2014
Mining company BHP Billiton reported an increase of two percent in half year to June 2014copper pr...
ASIA METALS - Base metals prices hold steady in quiet conditions; eyes on Chinese data by LynetteTan - 23-07-2014
Base metals prices were little moved from Tuesday’s closing, with most trading in small ranges a...
LME MORNING - Base metals prices strong on fundamental concerns by KRetourne - 22-07-2014
Base metals prices continued to move higher during Tuesday trading sessions as investors believed ...
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