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| Product Name | Nickel Prices |
| HS Code | 28332400 |
| Molecular Weight | 58.693 g/mol |
| Chemical Formula | Ni |
| Synonyms | 7440-02-0, Raney alloy |
| Region/Countries for which Data is available |
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| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | Our services can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after service delivery |
Request for Real Time Nickel Prices: https://www.procurementresource.com/resource-center/nickel-price-trends/pricerequest
Nickel (Ni) is an abundantly available element present in nature. It is hard, ductile, corrosion resistant and has a whitish-silvery colour with a golden tint. It can be combined with other metals like copper, zinc, iron, chromium, etc., to make different types of alloys.
Nickel belongs to the class of transition metals. It is extracted from two ores, including laterites and magmatic sulfides. Nickel alloys are employed in making coins, jewellery, and items such as valves and heat exchangers.
Indonesia, Philippines, Russia, New Caledonia, Australia, Canada, China, Brazil, and United States are the world’s leading Nickel producing countries.
Key Details About the Nickel Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Nickel price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Nickel pricing database, price chart, and analysis can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Nickel Price Trend:
Industrial uses like the element's primary use in making coins is impacting the Nickel price trend. It is used for making wires. Due to its anti-corrosion properties, it is used in rocket engines and gas turbines at extreme temperatures. It is mixed with other substances to produce several alloys further employed in making nails, armour plating, and pipes. Monel (an alloy of copper and nickel) is corrosion resistant, so it is used in desalination plants and in propeller shafts in boats.
Key Market Players:
- Umicore N.V
- American Elements
- Vale S.A.
- Jinchuan Group International Resources Co. Ltd
- MMC Norilsk Nickel PJSC
- Glencore plc
- PT Timah (Persero) Tbk
News and Events:
- September 20, 2022 - The London Metal Exchange aims to protect itself from legal action taken in early March by five investment firms over a decision made by the exchange to suspend nickel trading.
We Provide Lots of Industries Reports With Full Analysis, For That You Should Visit Our Procurement Resource Website, Apart From This, We Also Provide the Latest Price Trends of Various Products Including citric acid price chart and strawberry prices.
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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
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