Nickel is a ferromagnetic metal element; it can be highly polished and is corrosion-resistant. It is mainly used to make stainless steel and other corrosion-resistant alloys, such as nickel steel, chromium-nickel steel, and various non-ferrous metal alloys. It can be used to manufacture currency, and copper-nickel alloys with a high nickel content are not easily corroded. It is also used as a hydrogenation catalyst and in ceramic products, special chemical apparatus, electronic circuits, green coloring of glass, and the preparation of nickel compounds, among other uses.

Nickel is widely used to manufacture various types of stainless steel, soft magnetic alloys, and alloy structural steels.

Nickel, together with elements such as chromium, copper, aluminum, and cobalt, can be used to form heat-resistant alloys, electrical alloys, and corrosion-resistant alloys.

Nickel-chromium alloys (such as Ni-Cr20) have high heat resistance and large electrical resistance. Thermoelements (resistance wires) made from them can be used as heating elements in electric furnaces, electric irons, and electric soldering irons, and can work continuously at 1100°C. Although Ni-Cr9 and Ni-Cr10 have slightly lower heat resistance, they have high resistance, a small temperature coefficient of resistance, and high thermoelectric power, making them good materials for thermocouples.

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