Nickel has experienced a steady rise alongside copper throughout most of 2010, with a gain of 31.3% in 2010. It is still well off its high of US $24 per pound, set in 2007, but has steadily increased from its low of below US $4 per pound at the depth of the recession. Nickel is one of the main components in stainless steel, and will likely have support as long as China’s consumption of steel continues.