The price of Nickel alloys
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Nickel is the fifth among the most abundant elements found on Earth. Only iron, oxygen, silicon and magnesium are more common. Nickel resources (estimated at twice the amount of Nickel reserves) cover subeconomies reserves, that is not recoverable at a profit. According to some sources, Nickel resources on the sea bottom many times greater than on land. It is assumed that the land resource base exceeds current production levels for more than 100 years.
The increase in the consumption of Nickel is highly correlated with economic development. Global demand for Nickel has increased from 907 thousand tons in 1990 to 1,465 million tons in 2010, the average annual growth rate was 2.3%. The rapid growth of the Chinese economy, further accelerated the growth of demand for Nickel, which recorded just seven years, from 2010 to 2016, annual growth rate of 5.0%. Currently, Asia is the largest Nickel market, which currently accounts for 71% of the total global demand. The share of China now accounts for almost 52% of the world demand for Nickel, compared with 18% ten years before.
Supplier KMZ offers to buy at a economical price manufacturer. Provider provides guaranteed delivery of products to any destination set by the client.
Trend of Nickel prices
Strong world economic growth until 2007 supported rising production of primary Nickel metal. In 2007 world primary production amounted to 1,411 million tons. However, the economic crisis led to a decline in world Nickel production in the period from 2008 to 2009 and production of primary metal declined to 1,316 million tons in the last year. Production recovered quickly in 2010 to 1,442 million tons and increased to 1,602 million tons in 2011.
The price of Nickel has shown considerable volatility over the past forty years. In the first half of the 1990's, the economic crisis has led to growth of export of Nickel, which led to lower prices for the metal. It accordingly caused a reduction in world Nickel production. Until 2003, the price of Nickel remained below $ 10,000. USA for ton, and then in 2006 sharply increased, reaching $ 52,179. Dollars per tonne in may 2007. In 2011 the price continued to rise and reached a peak in February, the average price was 28 247 USD, but it then fell to below $ 14,000. By the end of March 2016 total world reserves amounted to more than 500 000 tonnes of Nickel.
Buy Nickel any brand provider KMZ can at an affordable price. The price is formed based on the European standards of production. \To purchase Nickel alloys at an affordable price, you can wholesale or retail. Regular customers can take advantage of the discount system of discounts from the company KMZ. We invite you to partnership.
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