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.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Nickel and Nickel-Base Alloy Mill Shapes (WPU102504) from Jan 1971 to Sep 2025 about nickel, mills, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Learn about the factors that influence nickel alloy prices, including supply and demand, nickel prices, currency exchange rates, energy costs, raw material costs, and technology and innovation.

According to Cognitive Market Research, The Global Copper Nickel Alloys Market size is USD 4152.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.10% from 2024 to 2031.

North America Copper Nickel Alloys Market held the major market of more than 40% of the global revenue with a market size of USD 1660.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.3% from 2024 to 2031.
Europe Copper Nickel Alloys market held 30% of the global market size of USD 1245.66 million in 2024.
Asia Pacific Copper Nickel Alloys Market held 23% of the global revenue with a market size of USD 955.01 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.1% from 2024 to 2031.
South America Copper Nickel Alloys market held 5% of the global revenue with a market size of USD 207.61 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.
Middle East and Africa Copper Nickel Alloys Market held the major market of around 2% of the global revenue with a market size of USD 83.04 million in 2024. It will grow at a compound annual growth rate (CAGR) of 5.8% from 2024 to 2031.
The sales in the rod & bar segment are set to rise due to versatile applications and diverse industry demand for these specific forms of copper-nickel alloys. Rods and bars are widely utilized in critical sectors such as marine, oil and gas, and electronics, owing to their excellent corrosion resistance, high thermal stability, and superior mechanical properties.
Copper-nickel alloys are widely used in marine applications due to their resistance to seawater corrosion. They are used in shipbuilding, offshore platforms, and desalination plants.
Telecommunication held the highest Copper Nickel Alloys Market revenue share in 2024.

Oil and Gas Industry to Increase the Demand Globally

The oil and gas industry is poised to be a key driver in increasing the global demand for copper-nickel alloys. With its continued exploration and extraction activities in challenging environments, such as offshore drilling and production facilities, the industry seeks corrosion-resistant materials to withstand harsh conditions. Copper-nickel alloys have proven to be crucial in this regard, offering exceptional resistance to corrosion in seawater and other corrosive media.

As the demand for energy persists and the oil and gas sector expands its operations, the utilization of copper-nickel alloys in pipes, valves, and other critical components is expected to rise, creating a sustained and growing market for these alloys on a global scale.

Renewable Energy to Propel Market Growth

The growing emphasis on renewable energy sources is set to propel the market growth of copper-nickel alloys. As the world shifts towards sustainable practices and increased reliance on renewable energy, copper-nickel alloys play a crucial role in the construction and maintenance of renewable energy infrastructure. Offshore wind farms, in particular, utilize these alloys due to their corrosion resistance, ensuring the longevity and reliability of components in harsh marine environments.

The expansion of renewable energy projects globally, along with ongoing efforts to reduce carbon footprints, is expected to drive the demand for copper-nickel alloys in the manufacturing of wind turbines, solar panels, and associated infrastructure, making them indispensable in the transition to a more sustainable energy landscape.

Market Restraints of the Copper Nickel Alloys

Substitution by Other Materials to Limit the Sales

The copper-nickel alloy market faces a challenge in the form of potential substitution by alternative materials, which could limit sales and market share. Several factors contribute to the consideration of alternative materials, such as stainless steel, aluminum alloys, and advanced composite materials, as viable substitutes for copper-nickel alloys in specific applications. Cost considerations play a pivotal role in the decision-making process for material selection.

Copper-nickel alloys, while offering excellent corrosion resistance and mechanical properties, can be relatively more expensive due to the cost of copper and nickel, both essential components of these alloys. Particularly, cost-sensitive industries may explore alternatives that provide a balance between performance and affordability. Advancements in material science fu...

Discover the booming cobalt nickel alloy market, projected for significant growth (estimated 5-7% CAGR) to 2033. This in-depth analysis covers market size, key drivers & trends, regional breakdowns (North America, Europe, Asia Pacific), leading companies, and application segments like engineering materials & chemical processing. Learn about the opportunities and challenges shaping this vital sector.

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.

Discover the booming copper-nickel alloys market! Explore key trends, growth drivers (aerospace, automotive), regional analysis, and leading companies shaping this $2.5 billion (estimated 2025) industry projected to grow at a 5% CAGR until 2033. Get insights into market segmentation, competitive landscape and future outlook.

Discover the booming global nickel alloy plate market, projected to reach $14.2 billion by 2033 with a 6.2% CAGR. This in-depth analysis covers market size, key drivers (oil & gas, aerospace), restraints, and regional trends. Explore insights from leading players like Sandmeyer Steel & Tsingshan Holding Group.

United States - Producer Price Index by Commodity: Metals and Metal Products: Nickel and Nickel-Base Alloy Mill Shapes was 152.20600 Index Dec 2003=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Nickel and Nickel-Base Alloy Mill Shapes reached a record high of 214.00000 in May of 2007 and a record low of 100.00000 in December of 2003. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Nickel and Nickel-Base Alloy Mill Shapes - last updated from the United States Federal Reserve on October of 2025.

The global market for nickel-based corrosion-resistant alloys (CRAs) is experiencing robust growth, driven by increasing demand across diverse industries. While the exact market size for 2025 is not provided, considering typical market sizes for specialized metal alloys and a plausible CAGR (let's assume a conservative 5% CAGR based on industry trends for similar materials), a reasonable estimate for the 2025 market value could be around $5 billion. This substantial market is projected to maintain a steady growth trajectory, with a CAGR of 5% from 2025 to 2033, potentially reaching a market value exceeding $8 billion by 2033. This growth is primarily fueled by the expanding petrochemical and energy sectors, which necessitate corrosion-resistant materials for high-pressure, high-temperature applications. Furthermore, the burgeoning offshore and marine industries, particularly in deep-sea oil and gas exploration and renewable energy infrastructure, are significant contributors to this market expansion. The increasing adoption of CRAs in demanding environments such as chemical processing, desalination plants, and nuclear power generation further bolsters market growth. However, certain factors could impede market growth. Fluctuations in nickel prices, a key raw material, pose a significant challenge. Moreover, the availability and cost of specialized manufacturing processes and skilled labor can limit production capacity. Competition from alternative materials, including advanced polymers and ceramics in specific applications, also presents a restraint. Nevertheless, the overall outlook remains positive, driven by the increasing need for robust, corrosion-resistant materials in various critical applications. Market segmentation analysis reveals strong growth in sectors like seamless pipes and plates, reflecting the demand for high-performance components in infrastructure projects and industrial machinery. Geographic analysis points towards robust growth in Asia-Pacific, driven by large-scale industrialization and infrastructure development in regions like China and India. This in-depth report provides a comprehensive analysis of the global nickel-based corrosion resistant alloys market, projecting a market value exceeding $5 billion by 2030. The report delves into key market drivers, restraints, emerging trends, and competitive landscapes, offering invaluable insights for industry stakeholders, investors, and researchers. Keywords: Nickel alloys, corrosion resistant alloys, superalloys, Hastelloy, Inconel, Monel, aerospace alloys, chemical processing, high-temperature alloys, market analysis, market forecast.

In value terms, nickel bars, rods, profiles and wire imports totaled $2B in 2016. Overall, nickel bars, rods, profiles and wire imports continue to indicate a drastic decrease. Global nickel bars, rod...

Global nickel alloys market to grow from $13.22B in 2025 to $20.69B by 2035, at a CAGR of 4.58%. Lead with advanced material trends

View yearly updates and historical trends for US Producer Price Index: Metals and Metal Products: Nickel Nickel-base Alloy Mill Shapes. from United States…

Discover the booming Nickel Alloy 625 market projected to reach $1.5 Billion by 2025! Explore market trends, CAGR, key players (Carpenter Technology, Arnold Magnetic Technologies, etc.), and regional insights in this comprehensive analysis. Learn about growth drivers, restraints, and future predictions for aerospace, oil & gas, and more.

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 revenue of the nickel and nickel alloy plate market in Eastern Asia amounted to $X in 2017, jumping by X% against the previous year. The consumption of nickel and nickel alloy plate, sheet, strip and foil continues to indicate an abrupt decline. The most prominent rate of growth was recorded in 2011, when it surged by X% against the previous year.

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