When Courtney Love wrote this she was not thinking about rockets. It is, however, a perfect description of the history of rocketry. Until the Elon Musk revolution.
Space is hard but nickel makes it possible. The United States of America, through the private company SpaceX, imminently expects to regain its independent way into space.
Most nickel production is destined for stainless steel. But a significant 8% is used in the production of alloy steels which are needed to deliver specific characteristics for specialised and often critical applications.