Ferronickel is a ferroalloy that contains approximately 35% nickel and 65% iron. Based on the Metalshub Price Index, in Q2 2021, the price of Nickel Briquettes ranged from 16,237-18,334 USD/Mt and for Nickel Cut Cathodes 4x4 it ranged from 16,282-17,860 USD/Mt . The Metalshub Price Index uses methodology validated by leading industry experts, helping customers make data-driven trading decisions.
Nickel is used in producing stainless and special steel, iron and steel castings, plating applications, nickel-based alloys as well as in batteries.
|Name||Abbreviation||Size (mm)||Ni Content (%)|
|Nickel briquettes||Ni briqs||40X30||99.8-100|
|Nickel pellets||Ni pellets||5-20||99.8-100|
|Nickel full plate cathodes||Ni caths||1000X1000||99-100|
|Nickel cut cathodes 4x4||Ni 4x4||100X100||99.8-100|
|Nickel cut cathodes 2x2||Ni 2x2||50X50||99.8-100|
|Nickel cut cathodes 1x1||Ni 1x1||25X25||99.8-100|
|Nickel offcuts||Nickel offcuts||100X100||99.8-100|
With a nickel content of 99.8 wt% - 100 wt%, Ni Pellets contain the lowest metallic amount of impurities of any commercially available form of nickel. Exclusively produced by Vale, the controlled and consistent purity of Nickel Pellets and the benefits associated with its distinctive shape make this product an industry standard for the production of high nickel alloys and iron-based alloys.
Nickel briquettes can be a lower-cost alternative to nickel pellets or nickel cathodes in steel production, as they have similar chemical and melting properties.
Click here to read about Metalshub's new Nickel Briquettes Price Index.
Ferronickel is used as one of the main alloying elements in stainless steel production due to its high corrosion and oxidation resistance. It has a nickel content of between 15 wt% and 70 wt% and can be used as a substitute for nickel pellets or nickel cathodes, where it can allow potential cost savings.
Click here to read about Metalshub Co-founder Dr. Sebastian Kreft's study on the value of ferronickel vs. nickel metal for the production of ferrous alloys.
Nickel is refined by electrolysis to a purity of approx. 99.8 wt% up to 100 wt%. It is available in a full plate cathode (1000x1000mm) or reduced by further processing to 4x4/2x2/1x1 cut cathodes.
Nickel offcuts are wastes generated during the industrial processing of nickel, e.g. when cutting off electrolyte cathodes. If a melting process allows the use of slightly varying sizes, offcuts can bring significant potential savings compared to cut cathodes.
Nickel metal can also be available in a variety of other geometries. These can be e.g. rounds, discs, and chips.
Access data on all commercially relevant Nickel grades, traded on the Metalshub Marketplace.
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