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| Report Features | Details |
| Product Name | Nickel |
| Synonyms | 7440-02-0, Raney alloy |
| Region/Countries Covered |
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| Currency | US$ (Data can also be provided in local currency) |
| Customization Scope | The report can be customized as per the requirements of the customer |
| 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 widely distributed element found in nature. It has a whitish-silver colour with a golden tint and is hard, ductile, and corrosion-resistant. It can be mixed with several other metals, including copper, zinc, iron, chromium, and others, to create various alloys.
The group of metals called transition metals includes nickel. It is extracted from laterites and magmatic sulphides.. Coins, jewellery, and other products like valves and heat exchangers are made of nickel alloys.
The nickel-producing countries are Indonesia, Philippines, New Caledonia, Russia, and Australia
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, olive oil price and orange oil price etc. 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:
Because it is corrosion-resistant, nickel is used to safeguard other metals by plating them. However, it is mostly utilised in the creation of alloys like stainless steel
It is utilised in toasters and electric ovens because it resists corrosion even when extremely heated. Commonly used in desalination plants, which turn seawater into freshwater, is a copper-nickel alloy. Armor plating is produced from nickel steel. Additionally, turbine blades and boat propeller shafts both use other nickel alloys.
Batteries, such as nickel-cadmium rechargeable batteries and nickel-metal hydride batteries used in hybrid cars, include nickel. Coinage has long used nickel as a metal.
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 seeks to defend itself against court action brought in early March by five financial firms over the exchange's decision to halt trade in nickel.
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About Us:
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 tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
Contact Us:
Company Name: Procurement Resource
Contact Person: Chris Byrd
Email: sales@procurementresource.com
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