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PRIMARY NICKEL

Introduction: Primary Nickel (symbol Ni, atomic weight 58.71, atomic number 28) is a
lustrous, silvery-white metal with a golden tinge, discovered in 1751. It has a melting point of
1453 C, relatively low thermal and electrical conductivities, high resistance to corrosion and
oxidation, excellent strength and toughness at elevated temperatures, and is capable of
being magnetized. It is attractive and very durable as a pure metal, and alloys readily with
many other metals. Primary nickel is produced and used in the form of Ferro-nickel, nickel
oxides and other chemicals, and as more or less pure nickel metal. Nickel is also readily
recycled in many of its applications, and large tonnages of secondary or "scrap" nickel are
used to supplement newly mined metal.

Usage: Nickel is primarily used in producing stainless steel. Apart from this, nickel is also
used:

To produce other steel and non-ferrous alloys, including super alloys often for highly
specialized industrial, aerospace and military applications.
In electro-plating.
In coins and nickel chemicals.
As a catalyst for the hydrogenation of vegetable oils.
In rocket engines and fuel turbine.

Use of Primary Nickel can be shown with the help of following diagram:

USAGE OF PRIMARY NICKEL

10%

Production of stainless
steel

6%

Production of non-ferrous
alloys

11%
12%

Electro-plating
61%

Steel and alloy casting


Others

Indian scenario for primary nickel (production and consumption): India does not have
any history related to the metal nickel. It does not have any resource and neither does it
indulge in the mine as well as plant production of the metal. But as one of the fastest
developing nations of the world, Indian demand for stainless steel and consequently nickel
has been rising at a high rate. A rising demand and no production make the country a total
importer of nickel. The country imports around 45 to 50 thousand tons of nickel annually. This
demand is expected to rise in future with the increase in the demand of stainless steel. The
Indian government has implied import duties in the import of the metal @ 15%.
Price Trend of Primary Nickel (as per London Metal Exchange):
MONTH
December 2013
January 2014
February 2014
March 2014
April 2014
May 2014
June 2014
July 2014
August 2014
September 2014
October 2014
November 2014
December 2014
January 2015
February 2015
March 2015
April 2015
May 2015
Trend Analysis:

PRICE IN US$ PER TONNE CHANGE (IN %)


(approx.)
13,925.00
1.26%
14,101.00
14,203.00
0.72%
15,678.00
10.39%
17,374.00
10.82%
19,402.00
11.67%
18,629.00
-3.98%
19,118.00
2.62%
18,600.00
-2.71%
18,035.00
-3.04%
15,812.00
-12.33%
15,808.00
-0.03%
15,962.00
0.97%
14,849.00
-6.97%
14,574.00
-1.85%
13,756.00
-5.61%
12,831.00
-6.72%
13,501.00
5.22%

PRICE TREND
25,000.00
20,000.00
15,000.00
US$ PER TONNE

PRICE IN US$ PER TONNE (approx.)

10,000.00
5,000.00
0.00

YEARS

Reference:
http://www.insg.org/whatnickel.aspx
http://www.icexindia.com/profiles/Nickel_profile.pdf
http://www.crnindia.com/commodity/nickel.html
http://www.statista.com/statistics/260799/monthly-price-of-nickel-at-lme/