Nickel Where Form Meets Function Visual Capitalist
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’s 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’s still a lot more room for growth in the industry....