InvestorQ : Can you help me understand trading in Nickel futures?
Tisha Malhotra made post

Can you help me understand trading in Nickel futures?

Answer
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2 years ago


Nickel is another key industrial metal with a variety of industrial applications. While Nickel finds extensive applications in electrical and electronic applications as well as in mining of coins, the biggest application of nickel is in the manufacture of stainless steel. In fact, nearly 65-70% o the total nickel produced in the world goes into production of stainless steel. As a result, Nickel also is largely synchronized with the ups and the downs of the industrial life cycle and has a positive relationship with the global economic growth, especially China.