Report Features | Details |
Product Name | Nickel |
Chemical Formula | Ni |
Supplier Database | Umicore N.V, American Elements, Vale S.A., MMC Norilsk Nickel PJSC, Jinchuan Group International Resources Co. Ltd, Glencore plc, PT Timah (Persero) Tbk |
Region/Countries Covered |
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Currency | US$ (Data can also be provided in local currency) |
Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Request for Real Time Nickel Prices: https://www.procurementresource.com/resource-center/nickel-price-trends/pricerequest
Nickel (Ni) is a readily accessible element found in nature. It has a whitish-silver colour with a golden tint and is hard, ductile, and corrosion-resistant. It can be combined with other metals, such as copper, zinc, iron, and chromium, among others, to create a variety of alloys.
The category of transition metals includes nickel. Laterites and magmatic sulfides are two ores from which it is extracted. Coins, jewellery, and other goods like heat exchangers and valves are all made with nickel alloys.
The world’s leading nickel-producing countries are Indonesia, Philippines, Russia, New Caledonia, Australia, Canada, China, Brazil, and United States.
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 price trend, pricing database, and analysis can prove valuable for 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:
Nickel's price trend is influenced by industrial usages, such as its major application in coin production. Wires are made from nickel, which significantly affects its price trend.can be made with it. It is utilised in rocket engines and gas turbines at extremely high temperatures because of its anti-corrosion characteristics. It is combined with other materials to create a variety of alloays, which are then used to create pipes, nails, and armour plates. Because monel (a copper and nickel alloy) resists corrosion, it is utilised in boat propeller shafts and desalination plants.
Key Market Players:
• Umicore N.V
• American Elements
• Vale S.A.
• MMC Norilsk Nickel PJSC
• Jinchuan Group International Resources Co. Ltd
• Glencore plc
• PT Timah (Persero) Tbk
News and Events:
• September 20, 2022: The London Metal Exchange is trying to defend itself against legal action brought in early March by five financial firms over the exchange's decision to halt trade in nickel.
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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 most 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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