Nickel: Where Form Meets Function
While best known for its use in the five cent coin, nickel has far more strategic uses. Nickel can be alloyed with other metals to create truly extraordinary materials. ¬†In fact, more than half of all nickel consumed is used in stainless steel.
China‚Äôs stainless steel consumption has increased 1625% in the last 10 years, and is now 40% of global totals. Chinese stainless steel is now the largest demand driver for nickel worldwide, and there‚Äôs still a lot more room for growth in the industry.
Nickel‚Äôs diversified supply is expected to keep prices stable, so the savvy investor will look for low cost nickel projects in safe jurisdictions.