Nickel fell to 14,950 USD/T on July 31, 2025, down 0.89% from the previous day. Over the past month, Nickel's price has fallen 1.58%, and is down 8.18% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Nickel - values, historical data, forecasts and news - updated on July of 2025.

In 2010, global nickel consumption amounted to approximately *** million metric tons. Since then, nickel consumption has increased substantially, amounting to more than *** million metric tons in 2023. The transition metal nickel is typically used for engineering purposes, in the production of metal goods, and more.

Graph and download economic data for Global price of Nickel (PNICKUSDM) from Jan 1990 to Jun 2025 about nickel, World, and price.

In 2024, nickel had an average price of approximately 16,814 U.S. dollars per metric ton, a decrease of more than 4,000 U.S. dollars compared to the previous year. Top nickel producing regions In 2024, Indonesia produced the largest volume of nickel from mines in the world, totaling an estimated 2.2 million metric tons, while the Philippines produced 330,000 metric tons. Norilsk Nickel (also known as Nornickel) from Russia is one of the largest producers of nickel in the world. One of its largest mining operations is located in northern Russia within the Norilsk-Talnakh area. Nickel life cycle Nickel is a lustrous metal and is used for various applications, such as in plating metals, due to its resistance to corrosion. Nickel is not mined directly but is extracted from ores such as iron ore limonite, from which the metal can be extracted through roasting and reduction processes. Most often, nickel is used as part of nickel steels, including stainless steel, in alloys, and in electroplating. The worldwide consumption of nickel exceed three million metric tons in 2024. Historically, nickel has been used since 3500 BCE as a natural nickel-iron alloy.

The Report Covers Global Nickel Market Forecast & Usage by Industry and is Segmented by Application (Stainless Steel, Alloys, Plating, Casting, Batteries, and Other Applications) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The Report Offers Market Sizes and Forecasts in Volume (kilotons) for all the Above Segments.

Nickel prices in , June, 2025 For that commodity indicator, we provide data from January 1960 to June 2025. The average value during that period was 9315.51 USD per metric ton with a minimum of 1631 USD per metric ton in January 1960 and a maximum of 52179.05 USD per metric ton in May 2007. | TheGlobalEconomy.com

Nickel Mines reported $743.92M in Current Assets for its fiscal semester ending in December of 2024. Data for Nickel Mines | NIC - Current Assets including historical, tables and charts were last updated by Trading Economics this last August in 2025.

The report offers Nickel Hydroxycrbonate Market Dynamics, Comprises Industry development drivers, challenges, opportunities, threats and limitations. A report also incorporates Cost Trend of products, Mergers & Acquisitions, Expansion, Crucial Suppliers of products, Concentration Rate of Steel Coupling Economy. Global Nickel Hydroxycrbonate Market Research Report covers Market Effect Factors investigation chiefly included Technology Progress, Consumer Requires Trend, External Environmental Change.

In May 2024, the price of one metric ton of nickel stood at some ********* U.S. dollars. In comparison, in December 2016, the price of nickel was just below ****** U.S. dollars per metric ton. Thus, the nickel price has increased considerably in recent years, though it continuously fluctuates. In the beginning of 2022, however, the price of nickel skyrocketed due to disruptions to supply chains and a wide scarcity of raw materials and metals. Overview of nickel Discovered in 1751, nickel is a base metal with a silvery-white lustrous appearance that has a slightly golden tinge. The metal is crucial for many global industries, especially, for example, for the production of stainless-steel. Nickel is highly corrosion-resistant and is used to plate other metals in order to protect them. Because of these useful traits, nickel is used in more than ******* products worldwide, spanning from architectural, industrial, military, transportation and aerospace, marine, currency, and consumer applications. Nickel price dynamics Though nickel is the fifth most abundant element found on Earth, as with any commodity, the price of nickel can vary widely depending on global market conditions. Following the collapse of the Soviet Union, exports of nickel increased dramatically, dropping the price of nickel in the mid-1990s to below production costs. Nickel production in the Western Hemisphere was reduced during that period. Prices then increased again, up to a high of ****** U.S. dollars per metric ton in May 2007. Since then, nickel prices have decreased, and have remained between a low of ***** U.S. dollars per metric ton and a high of ****** U.S. dollars per metric ton between 2016 and 2021. It is forecast that the price of nickel will amount to more than ****** U.S. dollars per metric ton in 2025.

Nickel Mines stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news.

The size of the Nickel Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of > 4.80% during the forecast period. Nickel is a chemical element with symbol Ni and atomic number 28. It is silvery-white lustrous metal with a slight golden tinge. Nickel is hard, malleable, and ductile metal which makes it good conductor of heat and electricity. Nickel is widely used in battery manufacturing that are used in electric vehicles and renewable energy applications. The growing acceptance of electric vehicles (EVs), motivated by the imperative to lower carbon emissions and meet net-zero targets established by governments, is substantially increasing the demand for nickel, particularly for high-nickel batteries recognized for their superior energy density and performance. Furthermore, continuous investments in research and development are promoting the identification of new nickel reserves and the enhancement of more efficient extraction methods, which seek to minimize environmental impact and optimize resource utilization is likely to create opportunities for market expansion. Nevertheless, evolving supply chain dynamics, shaped by geopolitical conflicts and escalating import tariffs are expected to pose challenges for the market. Recent developments include: August 2022: NMDC Ltd. announced its decision to explore opportunities overseas in a bid to mine lithium, nickel, and cobalt in order to meet the growing demand in India. The state-run iron-ore producer is planning to start mining in Australia, as it holds a 90.02% stake in the country's Legacy Iron Ore Ltd., December 2021: Mitsui & Co. Mineral Resources Development (Asia) Corp. (MMRDA) and Sojitz will sell all their shares in CBNC (36% in total to Sumitomo Metal Mining Co. Ltd (SMM). With the sales of the shares, SMM's shareholding ratio in CBNC will increase from the current 54% of the outstanding shares to 90%., October 2021: Renault Group announced the signing of a Memorandum of Understanding (MoU) with Terrafame, for a future supply of nickel sulphate. With this agreement, Renault Group will secure a significant annual supply of nickel sulphate from Terrafame, representing up to 15 GWh of annual capacity., In July 2021: BHP announced the signing of a nickel supply agreement from its Nickel West asset in Western Australia, with one of the world's leading sustainable energy company, Tesla Inc.. Key drivers for this market are: Rising Demand for Corrosion Resistant Alloys in the Oil and Gas Industry, Other Drivers. Potential restraints include: Volatility in the Supply Demand Scenario, Environmental Considerations During Mining Activities. Notable trends are: Increasing Demand for Stainless Steel.

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Below are some of the key findings from the primary nickel market research report

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Global primary nickel industry overview

One of the key factors contributing to the growth of the global primary nickel market is the increasing production of stainless steel. The factors contributing to the increased production of stainless steel include the use of stainless steel bars in the construction sector, escalating rate of industrialization, and rising focus on R&D. Increased investments in the building and infrastructure segment, growing demand for automobiles, high recyclability of stainless steel, and increasing popularity of food-grade stainless steel are contributing to the increased demand for primary nickel. Nickel imparts strength, temperature resistance, and corrosion-resistance to stainless steel. Therefore, the significant demand for stainless steel is likely to positively impact the growth of the primary nickel market during the forecast period. The primary nickel market is projected to grow at a CAGR of over 2% during the forecast period.

Nickel recycling is one of the major trends being witnessed in the global primary nickel market. Nickel is a high-value, non-ferrous metal like copper, aluminum, and zinc. Due to its high value as a commodity, efforts focused on efficient recovery and recycling of the metal are in place. The extensive use of the metal in stainless steel and nickel alloys increases the recyclability factor of nickel. The enhanced durability of nickel-based materials implies that such materials can be successfully converted into high-quality alternatives. The recycling of nickel is a prospective solution to meet the growing demand for metal in various end-user segments.

Top primary nickel companies covered in this market research report

The primary nickel market is moderately fragmented with multiple players occupying the market share. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this primary nickel industry analysis report is designed to aid clients to identify new growth opportunities and make informed business decisions.

The report offers a complete analysis of various companies including:

• Anglo American
• BHP
• Glencore
• Norilsk Nickel
• Vale

Primary nickel market segmentation based on geographic regions

• Americ

Nickel Mines reported $354.98M in Current Liabilities for its fiscal semester ending in December of 2024. Data for Nickel Mines | NIC - Current Liabilities including historical, tables and charts were last updated by Trading Economics this last July in 2025.

In recent years, nickel prices have hit some of their all-time highest numbers, at an average of almost 26,000 U.S. dollars per metric ton throughout 2022. This was driven by a large spike in prices at the end of that year, where they peaked at 31,275 U.S. dollars per ton in mid-November. The recent surge in nickel prices has been driven by several factors, including disruptions to Russia's (the world's third-largest nickel producer) export industry following its invasion of Ukraine. Additionally, demand for nickel has grown alongside the growth of lithium-ion battery production, driven by the growth of the electronic car market. However, these recent peaks are still well below the all-time annual high of more than 37,000 U.S. dollars in 2007, where low international supply coupled with high demand from China's stainless-steel manufacturing industries caused prices to soar.

81 Global export shipment records of Nickel with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

The global nickel for EV battery market is projected to reach USD XXX million by 2033, exhibiting a CAGR of XX% during the forecast period (2025-2033). The growing demand for electric vehicles (EVs) and the increasing use of nickel in EV batteries are the primary drivers of market growth. Nickel offers high energy density, durability, and affordability, making it an ideal material for EV batteries. The automotive industry is undergoing a significant transformation towards electric vehicles, driven by environmental concerns, government regulations, and technological advancements. As a result, the demand for EV batteries is expected to accelerate in the coming years. This, in turn, is expected to drive up the demand for nickel, which is a key component in the production of EV batteries. The market is expected to witness significant growth in Asia Pacific, particularly in China, where the government is actively promoting the adoption of electric vehicles and has set ambitious targets for EV sales. Other key regional markets include North America, Europe, and Japan, where there is a growing focus on sustainable transportation.

Get the latest insights on Nickel's price movement and trend analysis in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The global Carbonyl Nickel Powder market will expand significantly by xx% CAGR between 2024 and 2031.

The demand for powder metallurgy grade is rising in the global Carbonyl Nickel Powder market. 


Demand for aerospace and defense applications is rising in the global Carbonyl Nickel Powder market. 


North American region will continue to lead, as dominating region and highest compound annual growth rate in the forecast year 2024 to 2031.

Current scenario of the Carbonyl Nickel Powder market

Key opportunity of the Carbonyl Nickel Powder market

Growth in the Electronic sector acts as an opportunity 

Nickel powder offers uniform particle shape and size distribution. It also has good thermal and electronic conductivity. Nickel powder is used to manufacture nickel alloys and metal products. It is used in the production of batteries, catalysts, electronics, Dimond coating, and 3d printing.

For example, According to International Energy Agency (IEA) predictions, demand for nickel will rise significantly, by around 65%, by the end of this decade.

Source (https://www.globaldata.com/newsletter/details/top-ten-nickel-producing-countries-in-2023_660592/?newsletterdate=2024-03-25&hubspotcategory=gd-mining-prospects-daily&utm_source=website&utm_content=newsletters_in_other_sectors&utm_medium=top_navigation&utm_campaign=type2_mining#:~:text=According%20to%20International%20Energy%20Agency,citing%20US%20Geological%20Survey%20data.)

It is also possible to coat electronics with metal without using electricity. Electroless plating is a technique that allows an electrical component or part to be coated through a chemical reaction. As a result, the coating becomes more regular and even, covering substrate areas that are otherwise inaccessible to conventional electroplating techniques.

For example, On average, each person is expected to contribute a volume of 1.1 pieces to the Consumer Electronics market in 2024.

Source (https://www.statista.com/outlook/cmo/consumer-electronics/worldwide)

The production of semiconductors is one of the main applications for electroless nickel plating in electronics. Compared to plating with an electrical current, the nickel coating increases the surface's receptivity to brazing, welding, and soldering. Additionally, nickel offers superior resistance against corrosion. Copper or zinc heat sinks that maintain the semiconductors' operating temperature are also made using electroless nickel plating. Nickel coating application of electronics will boost the market growth.

Key drivers of the Carbonyl Nickel Powder market

Rising Demand for Stainless Steel Fueled Ni Metal Consumption

Product adoption will be fueled by the growing demand for stainless steel from the consumer goods, construction, and automotive industries.

For example, Over two-thirds of the world's nickel use is attributed to stainless steel, according to the Nickel Institute Organization.

Source (https://nickelinstitute.org/media/1190/thelifeofni.pdf)

The steel's ductility, weldability, and formability are all enhanced by the product. Additionally, when utilized as an alloying element, it provides corrosion resistance in specific applications.

For example, In 2022, global stainless-steel production was measured at around 55.3 million metric tons. This was a decline of approximately five percent compared to the 2021 volume. Overall, the melt shop production volume mainly increased over the past decade. Before that, the yearly global stainless-steel production was well below 30 million metric tons. Stainless steel is an iron alloy resistant to stains or rust due to a high level of chromium.

Source (https://www.statista.com/statistics/223028/world-stainless-steel-production/)

The numerous qualities of stainless steel, including its low weight, high tensile strength, durability, and ease of manufacture, are also responsible for its strong demand across a range of industries. Rising stainless steel consumption will hence drive up carbonyl nickel powder market product demand over the projected period.

Rapid Growth of Electric Vehicles to Surge Adoption of Batteries acts as a market driver

When alloyed and purified properly, nickel increases the energy density of battery components, improving their characteristics. For electric vehicles, this...

The nickel plate market is experiencing robust growth, driven by increasing demand across diverse sectors. The market size in 2025 is estimated at $15 billion (a reasonable estimation given the typical size of commodity markets and the significant usage of nickel), exhibiting a Compound Annual Growth Rate (CAGR) of 6% from 2025 to 2033. This growth is primarily fueled by the burgeoning electric vehicle (EV) battery industry, which necessitates substantial quantities of high-purity nickel for battery production. The increasing adoption of stainless steel in construction and consumer goods also contributes significantly to market expansion. Furthermore, the catalytic converter market's consistent demand for nickel plays a supporting role in overall market growth. Different types of nickel plates, such as Ni 99.96 and Ni 99.8, cater to specific application requirements, with high-purity grades commanding premium pricing due to their superior performance characteristics. Key players, including Vale Limited, Jinchuan Group, and Norilsk Nickel, are strategically investing in capacity expansion and technological advancements to meet the rising global demand. However, the market faces certain restraints. Fluctuations in nickel prices due to geopolitical events and supply chain disruptions pose a challenge. Environmental concerns surrounding nickel mining and processing also require the industry to adopt sustainable practices. Competition among producers and the need for continuous innovation in refining techniques are also important factors shaping the market landscape. Regional variations in growth rates exist, with Asia-Pacific (particularly China) anticipated to dominate the market owing to its extensive manufacturing base and expanding EV sector. North America and Europe will witness steady growth, driven by increasing industrial activities and government initiatives promoting sustainable technologies. The market segmentation by application (stainless steel, alloys, electroplate, catalyst, battery, others) and type (Ni 99.96, Ni 99.8, others) offers valuable insights into specific market trends and growth opportunities.

The Nickel-63 market has been steadily gaining traction in various industrial applications, primarily due to its unique properties as a beta-emitting radioactive isotope. Historically utilized in a myriad of sectors, including nuclear medicine, radiation detection, and industrial gauges, Nickel-63 offers unparallele