Nickel fell to 15,143.75 USD/T on July 11, 2025, down 0.92% from the previous day. Over the past month, Nickel's price has risen 0.26%, but it is still 10.16% lower than a year ago, 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 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.

This statistic shows a forecast of the London Metal Exchange's cash price of nickel from 2015 to 2020. In 2020, it is predicted that the price of nickel will increase over 26,000 U.S. dollars per metric ton worldwide. Nickel is most commonly used for making steels, nonferrous alloys, and electroplating. It is also common in both industrial and commercial products.

Explore the factors shaping London Metal Exchange nickel ore prices, including rising demand from the EV sector, supply restrictions due to geopolitical and environmental issues, and macroeconomic influences. Understand the complex dynamics affecting nickel valuation and trading in the global commodities market.

Explore the dynamics of nickel trading on the London Metal Exchange, focusing on factors that influence price fluctuations such as global supply, demand, and the impact of the electric vehicle market on nickel consumption.

LME Index rose to 4,186.60 Index Points on July 10, 2025, up 0.71% from the previous day. Over the past month, LME Index's price has risen 1.61%, but it is still 0.56% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. LME Index - values, historical data, forecasts and news - updated on July of 2025.

This statistic shows forecasts for the global nickel price at the London Metal Exchange in 2013 and 2014. In 2013, the average LME cash price for nickel is expected to stand at 8.09 U.S. dollars per pound.

Explore the factors influencing nickel prices on the London Metal Exchange, from EV demand and supply chain dynamics to geopolitical events and macroeconomic trends. Discover how nickel's role in stainless steel and battery production impacts global commodities.

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In 2023, nickel had an average price of approximately 21,521 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 2023, Indonesia produced the largest volume of nickel from mines in the world, totaling 1.8 million metric tons, while the Philippines produced 400,000 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. 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 2023. Historically, nickel has been used since 3500 BCE as a natural nickel-iron alloy.

Chile Average Price: Nickel: LME data was reported at 7.019 USD/lb in 15 May 2025. This records a decrease from the previous number of 7.133 USD/lb for 14 May 2025. Chile Average Price: Nickel: LME data is updated daily, averaging 7.150 USD/lb from Jan 2001 (Median) to 15 May 2025, with 6139 observations. The data reached an all-time high of 19.502 USD/lb in 07 Mar 2022 and a record low of 3.497 USD/lb in 11 Feb 2016. Chile Average Price: Nickel: LME data remains active status in CEIC and is reported by Chilean Copper Commission. The data is categorized under Global Database’s Chile – Table CL.P001: Average Price: Metals.

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

Nickel powder prices in the third quarter showcased a mixed trend in the US market amid the rising fears of recessions. According to market participants, LME

Explore the importance of LME nickel live prices, a key factor for industries and investors, reflecting global economic health, market trends, and price volatility strategies in the industrial metals and technology sectors.

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.

Discover the London Metal Exchange's incredible recovery from the 2022 nickel crisis, achieving record trading volumes in 2024 and reigniting its role in the global metals market.

Explore how the London Metal Exchange (LME) facilitates nickel trading with standardized contracts, offers price discovery, and supports the global commodities market with transparency and regulation, essential for producers, consumers, and investors.

In 2024, the average annual London Metal Exchange (LME) price for tin was approximately ** U.S. dollars per pound, making it the highest-priced base metal that year. Nickel had the *******highest price out of the base metals at that time, with an average annual LME price of approximately **** U.S. dollars per pound in 2024. Although there is no clear-cut definition of the term, base metals usually refer to metals that oxidize easily, and is most commonly categorized as including tin, nickel, copper, zinc, lead, and aluminum.

Discover how shifting market dynamics may lead to a rebound in nickel prices amidst current challenges and future projections.

Cobalt traded flat at 33,335 USD/T on July 10, 2025. Over the past month, Cobalt's price has remained flat, but it is still 22.78% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Cobalt - values, historical data, forecasts and news - updated on July of 2025.