Feb 6 2007 7:54AM | Permalink | Email this | Comments (0) |
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You might want to consider new design strategies for materials that contain large amounts of nickel, such as stainless steel. Prices entered the year at very close to a record high on an inflation-adjusted basis ($22/lb). Average prices for 2006 were 63% higher than 2005. Tags may rise slightly again this year because of some supply disruptions and booming demand in China for stainless. China produced 5 million metric tons of stainless steel last year. Amazingly, about 10 million more metric tons of stainless are under construction. About two-thirds of all nickel output goes into stainless. The addition of nickel to aluminum creates a super alloy that maintains structural integrity during changes in atmospheric pressure. For that reason, they’re widely used in aircraft, another area under pressure because of Chinese expansion.
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