Nickel fell to 14,879.88 USD/T on December 3, 2025, down 0.20% from the previous day. Over the past month, Nickel's price has fallen 1.20%, and is down 7.47% 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 December 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.

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.

View monthly updates and historical trends for Nickel Price. Source: World Bank. Track economic data with YCharts analytics.

In April 2023, the Nickel price stood at $34,215 per ton (CIF, Poland), registering a decrease of -7.8% compared to the previous month.

In February 2023, the nickel price amounted to $29,090 per ton (CIF, India), growing by 7.3% against the previous month.

In May 2023, the Nickel Ore price reached $12,697 per ton (FOB, France), showing a 9% decrease from the previous month.

In April 2023, the nickel price stood at $26,421 per ton (FOB, South Africa), standing approximately at the previous month.

Molybdenum traded flat at 455.50 CNY/Kg on November 28, 2025. Over the past month, Molybdenum's price has fallen 8.99%, and is down 4.11% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Molybdenum - values, historical data, forecasts and news - updated on December of 2025.

In January 2023, the nickel powder price stood at $57,832 per ton (CIF, Turkey), increasing by 41% against the previous month.

Cobalt traded flat at 48,570 USD/T on November 27, 2025. Over the past month, Cobalt's price has remained flat, but it is still 99.88% 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 December of 2025.

In 2022, the market price of rare earth element dysprosium averaged 390 U.S. dollars per kilogram. Neodymium, another rare earth material, averaged *** U.S. dollars per kilogram that year. Base metals such as nickel, zinc, and aluminum had a much lower price, ranging from ***** to ** U.S. dollars per kilogram. Critical materials are resources used in technology which are considered to be subjected to supply risks.

In September 2022, the nickel powder price amounted to $25.3 per kg (CIF, India), with a decrease of -49.9% against the previous month.

In February 2025, the average nickel export price amounted to $16,608 per ton, approximately mirroring the previous month.

The price of Nickel Matte in May 2023 was $11,626 per ton (CIF, France), showing a decline of -3.9% compared to the previous month.

In April 2023, the price of Nickel Matte was $15,747 per ton (CIF, Japan), experiencing a decline of -8.9% compared to the previous month.

The average nickel import price stood at $21,025 per ton in January 2025, increasing by 3.6% against the previous month.

In 2024, the Kenyan nickel market decreased by -2.3% to $495M, falling for the second consecutive year after six years of growth. In general, the total consumption indicated a noticeable expansion from 2012 to 2024: its value increased at an average annual rate of +3.6% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -8.2% against 2022 indices.

The Pakistani nickel market stood at $X in 2021, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a relatively flat trend pattern. Nickel consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Nickel imports into Angola surged to 108 kg in 2023, picking up by 21% on 2022 figures.